By Randy Diamond | Pensions and Investments
Desert Troon Ltd. LLC, a real estate manager and developer, is suing four former employees of the $7.8 billion Arizona Public Safety Personnel Retirement System, alleging they have made false statements defaming the firm and senior officials at the Phoenix-based pension fund.
The lawsuit, filed May 2 in Maricopa County Superior Court in Phoenix, claims that former PSPRS investment officers Anton Orlich, Paul Corens and Mark Selfridge — along with Andrew Carriker, the former chief investment counsel — have communicated with members of the press since last August.
Based on that communication, the suit alleges both Pensions & Investments and the Arizona Republic, a daily newspaper, have published articles containing false statements that “appear to derive, at least in part, from information or records improperly taken from PSPRS.”
