Monday, April 15, 2013

Skirmish Avoided: The SC Investment Commission versus Treasurer Loftis


Skirmish Avoided:  The SC Investment Commission versus Treasurer Loftis

While the suit has yet to be dismissed, the petition for a writ of mandamus now appears to be moot (see yesterday’s post).  Attached to the Commission’s petition to the court were documents that satisfied the Treasurer’s requirement for formal notification before funding the Warburg Pinkus investment.  So that investment has been funded, and sadly we can look forward to the next skirmish as the Treasurer’s broader concerns remain.

It’s fortunate that this particular matter did not wind up before the SC Supreme Court because it really didn’t belong there.

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