Pension official: Firm facing lawsuit tried to influence Missouri lawmakers


A Canadian firm that is being sued by Missouri’s largest public pension system for allegedly mishandling investments has hired a lobbyist who tried to influence legislators and put pressure on the pension outside of court proceedings, a pension official said in court testimony.

The private equity firm Catalyst Capital Group hired a lobbyist after the Missouri State Employees’ Retirement System filed its lawsuit in October. Pension system executive director Ronda Stegmann testified in a court hearing last week that lobbyist Richard McIntosh tried to set up a meeting with Stegmann, two legislators and Catalyst executives, The Kansas City Star reported.

Original Source: Associated Press

Publication Date: 28 January 2021

Publication Site: Missouri Lawyers Media