State of California Public Employees' Retirement System v. Shearman & Sterling
New York Court of Appeals
1Opinion of the Court
OPINION OF THE COURT
Wesley, J.
Plaintiff California Public Employees’ Retirement System (CalPERS) is the largest public pension and health system in the United States. In 1988, CalPERS and Equitable Real Estate Investment Management, Inc. entered a “Correspondent Agreement for Commercial Property Loans.” Under the Correspondent Agreement, Equitable originates and closes commercial property loans for sale and assignment to CalPERS. Equitable is responsible under the Correspondent Agreement for retaining counsel to provide advice and services in connection with the loans.
In August 1993, CalPERS…
2Cases cited8 opinions
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- Ossining Union Free School District v. AndersonNew York Court of Appeals · 1989
- Prudential Insurance v. Dewey, Ballantine, Bushby, Palmer & WoodNew York Court of Appeals · 1992
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