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Tuesday, September 23, 2008

St. Louis Law Firms Plunge into Public Pension Fray

Small Law Firms Plunge into Public Pension Fray - Business - redOrbit:

By Nora Lockwood Tooher

In the St. Louis area, Dan Tobben is the attorney government workers call when they think their pension plans are in danger. Tobben, a principal with Danna McKitrick, a 25-lawyer firm in St. Louis, was co-lead plaintiffs' counsel in a 2003 suit by city firefighters and police alleging that the city breached its obligation to fully fund its pension fund for fiscal years 2004 and 2005.

After the Missouri Supreme Court ruled in favor of the firefighters and police last year, Neske v. City of St. Louis, 218 S.W.3d 417, St. Louis agreed to issue up to $155 million in bonds to fund the firefighter, police and municipal retirement systems.

After the decision, Tobben - who has spent most of his career specializing in insurance defense - began receiving calls from other city and state employees in the area."

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