NC Attorney General And State Treasurer Disagree

North Carolina's attorney general and state treasurer disagree who will represent state government workers and retirees in a fraud lawsuit.

The News & Observer of Raleigh reported State Treasurer Richard Moore and Attorney General Roy Cooper disagree about a securities fraud lawsuit against Freddie Mac.

The lawsuit alleges that Freddie Mac concealed and misrepresented the company's poor financial practices, which led to huge losses. North Carolina's pension fund lost $18 million.

The newspaper said Moore hired two law firms to convince a federal judge to make the North Carolina Retirement Systems the lead plaintiff. Cooper's chief deputy attorney general, Grayson Kelley, wrote one of Moore's lead attorneys, saying Moore's office has no legal authority to hire lawyers to represent the state.


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  • by Susan Location: G'Ville on Oct 31, 2008 at 05:19 AM
    I am a state employee and the retirement system is very important to me. First I am a Republican that supports Roy Cooper as our Democratic Attorney General. As the Attorney General Mr. Cooper speaks for all legal issues for the State. Mr. Moore as the Treasurer should have been on top of this situation before we lost $18 million. Now he wants to take the lead from behind the 8-ball. I think that Mr. Cooper has honorably lead North Carolina on many key issues. If Mr. Cooper is looking out for the matter and that's good enough for me. I feel that he is a strong supporter of what is fair and right. As a matter of fact he is the only Democrat that received my early vote.
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