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LOUISIANA STATE EMPLOYEES' RETIREMENT SYSTEM v. STATE, ETC.

No. 82 CA 0170.

423 So.2d 73 (1982)

LOUISIANA STATE EMPLOYEES' RETIREMENT SYSTEM, et al. v. STATE of Louisiana, Through the DEPARTMENT OF JUSTICE, et al.

Court of Appeal of Louisiana, First Circuit.

Writ Denied January 28, 1983.

Attorney(s) appearing for the Case

Carlos G. Spaht, and William T. Reeves, Jr., Baton Rouge, for plaintiffs-appellees Louisiana State Employees' Retirement System, Teachers' Retirement System of Louisiana, Louisiana School Employees' Retirement System and Louisiana School Lunch Employees' Retirement System.

Patricia Nalley Bowers, New Orleans, for defendant-appellant State of La., Through Dept. of Justice and Through the Atty. Gen., William J. Guste, Jr.

Before EDWARDS, WATKINS and SHORTESS, JJ.

SHORTESS, Judge.

The Louisiana State Employees' Retirement System, Teachers' Retirement System of Louisiana, Louisiana School Employees' Retirement System, and the Louisiana School Lunch Employees' Retirement System (appellees) brought suit for declaratory judgment seeking to resolve the question of their authority to invest funds belonging to their respective retirement systems in common stocks. Appellees are expressly authorized, pursuant to La.R.S. 42:647, La.R...

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