North Carolina Treasurer Richard Moore faces a lawsuit in Wake County (N.C.) Superior Court from the State Employees Association of North Carolina, a state labor union, seeking the release of basic investment information, such as the names of investment managers used by the North Carolina Retirement System and members of the treasurers investment committee. According to the suit, the association began requesting the documents under the states public records law nearly a year ago after a March 2007 news article suggested Mr. Moore uses his position as sole trustee of the $82.4 billion retirement systems to garner campaign contributions, an allegation Mr. Moore denies.
State employees deserve answers about the investment practices and swift action to guarantee that political considerations play no role in how their money is handled, Dana Cope, executive director of the association, wrote in a letter to Mr. Moore in March. Later that month, Mr. Moore provided nearly 700 pages of public documents in response to the associations request. However, the association claims the response was incomplete, that Mr. Moore has not responded to a second request for documents made in October, and that he has no legal excuse for not having filled (the) requests.
Sara Lang, spokesman for Mr. Moore, issued this statement by e-mail: The department of state treasurer has followed the spirit, the intent and the letter of the public records law and welcomes a judges ruling to that point. It seems this lawsuit has more to do with political games than public information.