Legal Opinion
Darien Capital Management, Inc. v. Public School Employes' Retirement System
Commonwealth Court of Pennsylvania
Decided November 15, 1995PublishedCited by 3 opinions
1Opinion of the Court
LORD, Senior Judge.
Darien Capital Management, Inc. (Darien) appeals a Board of Claims (Board) decision dismissing as untimely Darien’s claim for an “incentive fee” of $8,090,972 plus interest against the Pennsylvania Public School Employes’ Retirement System (PSERS).
The Board found the following facts. Dar-ien manages investments for pension funds. In mid-1990, it contracted to manage an “option over-writing account” for PSERS. The contract provided that PSERS would pay Darien an incentive fee equal to twenty percent of any profits earned by Darien for PSERS, less certain deductions. A…
2Cases cited11 opinions
- Com., Dept. of Public Wel. v. Uec, Inc.Supreme Court of Pennsylvania · 1979
- Crawford's Auto Center, Inc. v. Commonwealth, Pennsylvania State PoliceCommonwealth Court of Pennsylvania · 1995
- Commonwealth v. IrwinCommonwealth Court of Pennsylvania · 1984
- Commonwealth, Department of Public Welfare v. Federated Security, Inc.Commonwealth Court of Pennsylvania · 1980
- Davis v. CommonwealthCommonwealth Court of Pennsylvania · 1995
6 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Commonwealth v. SwartzSuperior Court of Pennsylvania · 2001
- Black v. Lexington School District No. 2Supreme Court of South Carolina · 1997
- Nevitt v. Rosenberry, Pennsylvania Court of Common Pleas, Blair County1996