West Virginia Investment Management Board, Charleston, hired the law firm of Millberg Weiss Bershad Hynes & Lerach to advise it on securities class-action lawsuits, said H. Craig Slaughter, executive director. The investment board also chose Bernstein Litowitz Berger & Grossman and Berman DeValerio Pease Tabacco Burt & Pucillo as backup firms, he said.
Separately, the board is searching for an investment manager to run $350 million in an enhanced cash pool, replacing Bank One, which is being terminated for performance, Mr. Slaughter said. Tim Holihen, managing director of Banc One Investment Advisors institutional asset management group, did not return calls seeking comment by press time.
Summit Strategies is assisting.