Thursday, October 22, 2009

Lawsuit alleges NM broker evading damage suit

By BARRY MASSEY (AP) – Oct 22, 2009

SANTA FE, N.M. — A former investment officer for a state educational pension fund says a politically connected Santa Fe broker and his father are dodging a whistleblower lawsuit alleging improper political pressures on investment decisions.

Marc Correra, and his father, Anthony Correra, are defendants in a lawsuit brought by Frank Foy earlier this year seeking to recover money on behalf of the state for losses on pension fund investments.

Foy's lawyer, Victor Marshall, said Thursday the Correras have not been served with a summons about the lawsuit despite efforts to locate them since May.

In a court filing, Marshall said "Marc Correra has disappeared" and apparently has left the country. It also said Anthony Correra's house in Albuquerque "appears to be deserted" and that "it is not known whether Anthony Correra has left the United States."

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Lawsuit alleges NM broker evading damage suit

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