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LOUISVILLE v. STOCK YARDS BANK & TRUST

No. 91-SC-952-TG.

843 S.W.2d 327 (1992)

CITY of LOUISVILLE, Appellant, v. STOCK YARDS BANK & TRUST CO., et al., Appellees.

Supreme Court of Kentucky.

December 17, 1992.

Attorney(s) appearing for the Case

Samuel D. Hinkle IV, Lester I. Adams, Jr., Culver V. Halliday, Greenbaum Treitz Brown & Marshall, P.S.C., Christina Heavrin, Director of Law, Winston E. King, Asst. Director of Law, City of Louisville, Louisville, for appellant.

Lively M. Wilson, Philip W. Collier, Brooks D. Kubik, Scot A. Duvall, Stites & Harbison, John T. Ballantine, James N.G. Cauthen, Ogden, Newell & Welch, Ann B. Oldfather, Oldfather & Morris, Frank E. Haddad, Jr., Harris J. Berman, Louisville, for appellees.

LAMBERT, Justice.

Appellant, City of Louisville, brought this action for damages and injunctive relief against appellees, trustees of the Policemen's Retirement Fund of the City of Louisville, and various other parties including a bank, a brokerage firm, investment advisors and stock brokers with whom the Fund had entered into contracts and engaged in investment activities. In substance, appellant alleged the existence of a scheme whereby improper fees and commissions...

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