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LITIGATION POLICY
October 19, 2010
CITY OF LANSING
POLICEMEN'S AND FIREMEN'S RETIREMENT SYSTEM BOARD OF TRUSTEES
LITIGATION POLICY
I. Purpose.
The Lansing Policemen's and Firemen's Retirement System Board of Trustees (the "Board")
establishes the following policy to provide a procedure to notify the Board of litigation that
potentially impacts security holdings of the retirement system,
I1. Policy.
A. Monthly, the Board's legal advisor shall discuss with the Office of the City Attorney pending
or ongoing litigation, if any, involving the City of Lansing, its departments, employees, boards,
commissions, agents or contractors.
B. The Board's legal advisor shall update the Board at its regular monthly meeting regarding
such litigation.
C. If the Board determines that such litigation potentially impacts security holdings of the
retirement system, it shall request that its Investment Advisor conduct an investigation and
provide an opinion on the impact of such litigation.
Policy adopted: October 19, 2010
6761977.1 26005'11823 5