state investment council

November 20, 2008 - 2:27pm
PRESS RELEASE

PENNACCHIO: USE HEARING TO GET ANSWERS ON LEHMAN FROM CORZINE PENSION OFFICIALS

Senator Joseph Pennacchio says it's vital to open government and the fiscal health of the state that members of the Senate Budget and Appropriations Committee ask hard questions on Monday about the state's misguided investment in now-bankrupt Lehman Bros.

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November 17, 2008 - 3:30pm
PRESS RELEASE

PENNACCHIO ASKS IF AND WHEN NEW JERSEY WILL JOIN OTHER PENSION FUNDS IN SUING LEHMAN

Other pension funds are suing Lehman Brothers to recover lost investment income. Where is New Jersey's lawsuit?

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October 6, 2008 - 12:46pm
PRESS RELEASE

Senator Pennacchio Challenges Investment Council Members With Lehman Ties to Disclose Roles

State Senator Joe Pennacchio asks how two top Lehman executives and one former Lehman executive on New Jersey's investment council could have let the state lose more than $115 million in three months investing in the now-bankrupt Wall Street investment bank.

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September 19, 2008 - 1:12pm
PRESS RELEASE

Pennacchio: Treasurer Needs to Explain What Happened With Lehman Pension Investment

The possibility of litigation shouldn't block rapid and full disclosure of what led up to the state's disastrous investment in Lehman Brothers.

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