This action seeks to establish that the defendant may not exercise his discretion to purchase New York State obligations as trustee of the common retirement fund without first showing that it is a sound exercise of discretion and/or to establish that the defendant may not purchase such obligations as a matter of law. The background of this proceeding is set forth in Westchester Chapter, Civ. Serv. Employees Assn. v Levitt (
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AL SGAGLIONE v. LEVITT
54 A.D.2d 1001 (1976)
Al Sgaglione, on Behalf of Himself and All Others Similarly Situated as Members of The New York State Policemen's and Firemen's Retirement System, et al., Appellants, v. Arthur Levitt, as Comptroller of The State of New York, Respondent
Appellate Division of the Supreme Court of the State of New York, Third Department.https://leagle.com/images/logo.png
November 4, 1976
November 4, 1976
Appellate Division of the Supreme Court of the State of New York, Third Department.
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