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The 2014 Pension 40: David Boies

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David Boies
Chairman
Boies, Schiller & Flexner

David Boies has been busy of late, but what else is new? The superstar litigator and chairman of New York law firm Boies, Schiller & Flexner has represented former American International Group chairman Maurice (Hank) Greenberg in his suit against the federal government for its bailout of AIG. Greenberg contends that the government ripped off AIG shareholders when it bailed out the insurer in 2008. The AIG suit is hardly the only high-profile case in which Boies, 73, has taken a star turn. He was one of the lead attorneys in the case that argued gay marriage before the Supreme Court, prosecuted Microsoft Corp. for antitrust violations and represented former vice president Al Gore in 2000’s Bush v. Gore. A case that has been simmering in the background throughout 2014 is Boies’s defense of Rhode Island’s pension reforms implemented in the 2011 Retirement Security Act. After the act passed the legislature, public employee unions sued to overturn the bill, which cut benefits, reduced the cost-of-living adjustment and added a 401(k). Boies, representing the Employees’ Retirement System of Rhode Island, joined the case after talking to Gina Raimondo (No. 14), then the state’s general treasurer, now governor-elect. The two sides came close to settling in February 2014, but some holdouts objected. The parties in the case are due back in the courtroom of Superior Court Judge Sarah Taft-Carter in early December, when a trial date could be set.

The 2014 Pension 40

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Bruce Rauner
Illinois
John and
Laura Arnold

Laura and John
Arnold Foundation
Randi Weingarten
American Federation of Teachers
Rahm Emanuel
Chicago
David Boies
Boies, Schiller & Flexner
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Randy DeFrehn
National Coordinating Committee for Multiemployer Plans
Damon Silvers
AFL-CIO
Laurence Fink
BlackRock
Chris Christie
New Jersey
Robin Diamonte
United Technologies Corp.
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Ted Eliopoulos
California Public Employees’ Retirement System
John Kline
Minnesota
J. Mark Iwry
U.S. Treasury Department
Gina Raimondo
Rhode Island
Phyllis Borzi
U.S. Labor Department
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Orrin Hatch
Utah
Abigail Johnson
Fidelity Investments
Ted Wheeler
Oregon
Caitlin Long
Morgan Stanley
James Hoffa
International Brotherhood of Teamsters
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Amy Kessler
Prudential Financial
Alejandro
García Padilla

Puerto Rico
Christopher Klein
U.S. Bankruptcy Court for the Eastern District of Caifornia
Steven Rhodes
Bankruptcy Court for the Eastern District of Michigan
Kevin de León
California
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David Draine
Pew Charitable Trusts
Jordan Marks
National Public Pension Coalition
Sam Liccardo
California
Joshua Rauh
Stanford Graduate School of Business
Karen Ferguson and Karen Friedman
Pension Rights Center
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Timothy Blake
Moody’s Investors Service
Kathleen Kennedy Townsend
Center for Retirement Initiatives, Georgetown University
Edward (Ted) Siedle
Benchmark Financial Services
Daniel Loeb
Third Point
Judy Mares
Employee Benefits Security Administration, U.S. Labor Department
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Andrew Biggs
American Enterprise Institute
Andy Stern
Columbia University
Kenneth Mehlman
KKR & Co.
Teresa Ghilarducci
New School for Social Research
A. Melissa Moye
U.S. Treasury Department


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