The State Worker

Chronicling civil-service life for California state workers

June 13, 2013
Read Delaware court ruling ordering CalPERS to pay $52 million

CalPERS has lost a lawsuit over fees it owes a former real estate investment partner. A Delware court, The Bee's Dale Kasler reports, has ordered the fund pay $52 million.

Here's the court ruling for State Worker blog users who want to delve into the technical details. (We know who you are, Bargaining Unit 2 people!)

Senior Housing Capital, LLC v. SHP Senior Housing Fund, LLC 5 13 13

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at


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