Florida State Board of Administration v. Alliance Capital Management
The Florida State Board of Administration filed suit against Alliance Capital Management based on its management of the Florida State Pension Fund. The suit centered on Alliance Capital Management’s holding of Enron stock and included claims of Breach of Contract, Breach of Duty of Good Faith, and Negligence, among others.
The Focal Point’s Role
The Focal Point played a key role collaborating with the defendant’s counsel, New York-based Clifford Chance, in case preparation, including developing trial strategy and courtroom graphics. The Focal Point was fundamental to Clifford Chance’s clear portrayal of the Defendant’s case, creating comparison charts and graphics demonstrating that Alliance Capital Management had treated Enron stock with the same precautions and protocol as any other large-growth stockholding.
A unanimous jury found in favor of Defendant Alliance Capital on all six claims made by the Florida State Board of Administration.
Circuit Court of the Second Judicial Circuit, in and for Leon County, Florida
The Focal Point’s Clients
Greenberg Traurig, LLP