Thomas E. Flanigan, fired as chief investment officer of the $22 billion Connecticut Retirement Plans and Trust Funds, Hartford, after just seven weeks on the job, has accused state Treasurer Denise L. Nappier of making false charges in connection with his termination and demanded a public retraction.
In a recent statement, Ms. Nappier said, "I tried to counsel Tom about my need for prompt, thorough, and focused feedback on the issues I presented for his analysis. … (His) persistent unresponsiveness, absence of follow-through and unauthorized policy forays became more troubling to me as I saw their potential to be disruptive.”
Kathleen Eldergill, Mr. Flanigan’s attorney, in a letter to Ms. Nappier, wrote: "These statements are false. During Mr. Flanigan’s employment, he was never counseled by you about any such claimed deficiencies, nor did he perform in the unacceptable way you have described.” A lawsuit is one of the options being considered, Ms. Eldergill said.
No one at the state treasurer’s office returned phone calls by deadline.
