Legal Opinion

State of California Public Employees' Retirement System v. Shearman & Sterling

New York Court of Appeals

Decided November 16, 2000PublishedCited by 121 opinions

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

  1. Burns Jackson Miller Summit & Spitzer v. LindnerNew York Court of Appeals · 1983
  2. Banque Arabe et Internationale D'Investissement v. Maryland National BankCourt of Appeals for the Second Circuit · 1995
  3. Fourth Ocean Putnam Corp. v. Interstate Wrecking Co.New York Court of Appeals · 1985
  4. Ossining Union Free School District v. AndersonNew York Court of Appeals · 1989
  5. Prudential Insurance v. Dewey, Ballantine, Bushby, Palmer & WoodNew York Court of Appeals · 1992

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3Cited by121 opinions

  1. Ethelberth v. Choice Security Co.District Court, E.D. New York · 2015
  2. Marshall v. Hyundai Motor AmericaDistrict Court, S.D. New York · 2014
  3. Electra v. 59 Murray Enterprs., Inc.Court of Appeals for the Second Circuit · 2021
  4. SNS Bank v. CitibankAppellate Division of the Supreme Court of the State of New York · 2004
  5. Abu Dhabi Commercial Bank v. Morgan Stanley & Co.District Court, S.D. New York · 2009

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