Politics & Government

Dallas Police Fire Pension Files Suit Against Townsend Investment Adviser

The pension claims Townsend screwed up to the tune of $580 million.

No idea why the Dallas Police and Fire Pension System would file a suit like this on the Friday before a long holiday weekend, but whatever. The Pension isn’t happy with its former adviser, Townsend Holdings (Richard Brown and Martin Rosenberg (and, from Strasburger & Price, Gary Lawson)). The Pension claims that the adviser’s bad work with real estate investments cost the Pension $580 million. I’ve got about 40 Game of Thrones episodes to watch this weekend, but as soon as I’m done, I, like you, will dig in.