Singing River pledged to publish all pension plan audits and make them available on their retirement webpage. The page notes that the audits for FY 2013 & 2014 are being finalized and will be posted upon completion. Recent court filings revealed that SRHS received the audit in March 2015. Five months have passed and the […]
Former SRHS Trustee Morris Strickland is set to be deposed in the pension plan litigation tomorrow at 9 a.m. SRHS Watch has undertaken a review of Strickland’s business ventures in search of potential conflicts. Some background on Strickland from a 2007 biography in The Sun Herald:
Former SRHS Trustee Morris Strickland is set to be deposed in the pension plan litigation tomorrow at 9 a.m. Last week saw Strickland fire off a letter to editor of The Sun Herald defending the investments of the SRHS Retirement Committee. The Sun Herald is not alone in alleging that the committe made “poor and risky investments.”
Singing River Health Systems filed suit against their former auditors, KPMG, on January 16 of this year. Nearly six months later, the case has stalled. KPMG filed a motion to dismiss on March 6. Since then SRHS, through counsel Susman Godfrey, has filed four motions for time, extending the deadline for response until July 31.
The Chancery Court cases are scheduled for hearings on Friday. Just days before this long awaited hearing, Singing River produces a plan for 90% funding. Days before that, Jim Reeves, the one attorney marketing his ability to quickly reach a settlement, was appointed lead counsel in the cases in US District Court. There is very
Scott C. Taylor, trustee for Singing River Health System, has indicated that SRHS legal bills have reached nearly $500,000. That puts SRHS’ monthly spend in the neighborhood of $80,000 for defense. The money is being paid by Singing River’s insurance policy and not from SRHS’ own funds. The insurance policy covers up to $1 million
Singing River Spending $80,000 monthly on Lawyers Read More »
Earl Denham, attorney for several retirees has added 12 categories to the list of information he is seeking from Singing River Health System, bringing the total to 105. Denham is now seeking information on:
Denham Seeks More Info from SRHS on Pension Plan and Attorneys Read More »
Earl Denham has sent a letter to Brett Williams and Carly Duvall asking them to cooperate on the production of discovery. Judge Hilburn has ordered SRHS to produce any documents provided to Billy Guice. With a hearing before Judge Hilburn just ten days away, it seems SRHS is stalling production until Billy Guice can get