HILL v. VANDERBILT CAPITAL ADVISORS, LLC

No. 11-2213.

702 F.3d 1220 (2012)

Donna J. HILL; Yolanda Chacon-Valle, on Behalf of the New Mexico Educational Retirement Fund and its Members and Beneficiaries, or Alternatively on Behalf of Themselves and All Others Similarly Situated, Plaintiffs-Appellants, v. VANDERBILT CAPITAL ADVISORS, LLC; Bruce Malott; Gary Bland; Veronica Garcia; Douglas M. Brown; Patrick Livney; The New Mexico Educational Retirement Fund, Defendants-Appellees, and Aldus Equity; John Doe # 1; John Doe # 2; Does 3-100, inclusive; Saul Meyer; Vanderbilt Financial, LLC; Vanderbilt Financial Trust; Pioneer Investment Management, U.S.A.; Osbert M. Hood; Stephen C. Bernhardt; Kurt W. Florian, Jr.; Anthony J. Koenig, Jr.; Mark E. Bradley; Ron D. Kessinger; Robert P. Nault; James R. Stern; New England Pension Consultants, LLC, Defendants.

United States Court of Appeals, Tenth Circuit.

December 27, 2012.


Attorney(s) appearing for the Case

Jonathan W. Cuneo , Cuneo Gilbert & LaDuca, LLP, Washington, D.C. ( Gordon H. Rowe, III , The Rowe Law Firm, P.C., Albuquerque, NM; Shane Youtz , Youtz & Valdez, P.C., Albuquerque, NM; Matthew E. Miller , Matthew Lee Wiener , and Brendan S. Thompson , Cuneo Gilbert & LaDuca, LLP, Washington, D.C.; and Richard D. Greenfield , Greenfield & Goodman LLC, New York, NY, with him on the briefs), for Plaintiffs-Appellants.

Ellen S. Casey , Hinkle, Hensley, Shanor & Martin, LLP, Santa Fe, NM ( Richard J. Shane , Riley, Shane & Keller, P.A., Albuquerque, NM; Stephen S. Hamilton , Montgomery & Andrews, P.A., Santa Fe, NM; Jaclyn M. McLean , Hinkle, Hensley, Shanor & Martin, LLP, Santa Fe, NM; Martin R. Esquivel , Basham & Basham, P.C., Santa Fe, NM, with her on the brief), for Defendants-Appellees Brown, Garcia, Bland, and Malott.

Peter L. Simmons , Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY ( Andrew G. Schultz , Rodey, Dickason, Sloan, Akin & Robb, P.A., Albuquerque, NM; William C. Madison , Madison & Mroz, P.A., Albuquerque, NM; and Peter A. Silverman , Figliulo & Silverman, P.C., Chicago, IL, with him on the brief), for Defendants-Appellees Livney and Vanderbilt Capital Advisors.

Before LUCERO and HOLMES, Circuit Judges, and BRIMMER, District Judge.


LUCERO, Circuit Judge.

Plaintiffs seek to appeal an order remanding this suit to New Mexico state court. They originally filed an action against Vanderbilt Capital Advisors, LLC, two of its operatives, and several New Mexico state officials in New Mexico state court. Plaintiffs allege that state investment decisions were made under a corrupt "pay to play" system benefitting politically connected individuals at the expense of public pensioners. The suit was removed...

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