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SERGEANTS BENEVOLENT ASSOC. ANNUITY FUND v. RENCK

19 A.D.3d 107 (2005)

796 N.Y.S.2d 77

SERGEANTS BENEVOLENT ASSOCIATION ANNUITY FUND, Appellant, v. JOHN T. RENCK et al., Respondents, et al., Defendants.

Appellate Division of the Supreme Court of the State of New York, First Department.

June 2, 2005.

Plaintiff (Fund) is a trust that manages annuity payments on behalf of New York City police sergeants and their beneficiaries, holding over $100,000 in investment moneys. Defendant Monitoring and Evaluation Services (MES) is an investment advisor and management firm that contracted with the Fund to act as its investment consultant and supervise the portfolio managers that managed the Fund's assets. The individual defendants, John T. Renck and John J. Renck, father and son...

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