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'Puffery' or illegal? State Supreme Court evaluates statements made by Denver energy corporation

The Colorado Supreme Court will decide whether the 8,000-person Oklahoma Police Pension and Retirement System may sue Denver-based Jagged Peak under a Depression-era federal law intended to combat fraudulent corporate ....

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State's police pension fund, others settle class action

The Oklahoma Police Pension and Retirement System (OPPRS) and other members of a class action lawsuit have reached a $23.5 million settlement with Evolent Health. ....

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Sterling Bancorp to Pay $12.5 Million to Settle Securities Lawsuit

An Oklahoma pension fund alleged the bank violated federal laws related to residential lending practices.
Sterling Bancorp has agreed to pay $12.5 million to settle a securities class action lawsuit filed by the Oklahoma Police Pension and Retirement System (OPPRS) that alleged the bank violated federal securities laws related to disclosures of its residential lending practices.
“This settlement should put to rest one of several difficult matters that arose out of our former Advantage Loan Program,” Sterling Bancorp CEO Thomas O’Brien said in a statement.
Attorneys for the Oklahoma Police Pension and Retirement System argued that the bank made “untrue statements of material fact” related to its now defunct Advantage Loan Program. They also alleged that the bank “omitted other facts that were necessary to make the statements not misleading” and failed to disclose material facts concerning the bank’s loan underwriting, risk management, and internal cont ....

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