Fort Walton Beach Council agenda — 02-09-2010 Special-BRP, Merrill Lynch lawsuit — reading text

Ln Ln o0 G\ t— 7 Ln M r+ Ln 0 00 r Ln O t` O tl- Ln G\ t` N G\ Ln w d' M W V' M V t Ln 00 Ln CT r t 00 L' 1 M O M t- Ln O 1 a-+ O tt C1 M M o0 cd Ln Ln Ln r 0 r- 00 00 00 G', o o N c') CV O U N N N N N N M 4^ 64 N 6Af- 6N4 6n# 6N4: 6Nq. N 4qm 6nm 4L# 64 oMdi. 6M4 6M0, M 6M es 66). O U W U d Q v w G E Ld et 0 0 o Ln 0 Ln 0 Ln 0 o 00 0 0 0 o 0 r r ro PQ L, u W 0 0 C) N 0 0 0 N O 0 CD N N N ON O N ON N O N ON O N N 0 N N v v :: 3 t~ M M M cn M M M M M M M V) Cd Q La M V G\. N M Vr ON N r-+ M 110 ON N M N a= V 4 cV M - t %+ 32- u 2. 7 U sr S w 4. 4 O. v u k O. b A N f O, o 64 N ol VI) M b 4.0 tr' U A 9O. o o o.4 61 N 70 U so ` W SO ti 4. 4 f U Sow C;) SO r U U 0 f O r 7 td 11o. 4, w S O W-4 16O f f 00 00 0 00 0 00 0 0 r 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 Co CD Ln o Lr Lri M M N N be to%: anj A 33-  Brandy Wunker From: Glenn Thomas [ gthomas @llw- law.com] Sent: Wednesday, January 06, 2010 12: 39 PM To: Brandy Wunker Cc: Jim Linn Subject: RE: letter from Beggs & Lane This follows up on my email advising that associates from Beggs and Lane will appear at the 1/ 12/ 10 City Council Beggs & meeting concerning Merrill Lynch' s service as the General Employees' Pension Fund Money Monitor. Lane previously sent us a letter indicating that the Fund underperformed the target index by more than 1, 000, 000. At the meeting they will present the preliminary damage assessment, discuss the status of the ongoing litigation project involving Merrill Lynch and Michael Callaway, and answer questions the Council may have concerning the matter. I have attached a Complaint in the Firefighter plan' s case against Merrill Lynch for your information. Please advise if you need additional information concerning the appearance at the meeting. From: Brandy Wunker [ mailto: bwunker@fwb. org] Sent: Wednesday, January 06, 2010 12: 29 PM To: Glenn Thomas Cc: Toni Craig; Robert Mearns; Jim Linn Subject: RE: letter from Beggs & Lane Mr. Thomas, I have not heard back from you, so I am assuming that Mr. Miller is not going to be attending the City Council 12th meeting on Tuesday, January Can you advise what the status of the pending litigation from the City' s perspective will be, as the City Council is the only body who can approve pursuing this? Brandy L. Wunker Finance Director City of Fort Walton Beach 850) 833 -9512 850) 833 -9640 Fax Original Message---- - From: Brandy Wunker Sent: Monday, December 28, 2009 1: 16 PM To: ' Glenn Thomas' Cc: Toni Craig'; Robert Mearns; ' Jim Linn' Subject: FW: letter from Beggs & Lane Mr. Thomas, Thank you for the information. In order to pursue this, Mr. Miller will need to present the facts, etc. to City Council. Our next meeting is January 12, 2010 at 6:00 pm. Because of the timeline stated in the correspondence, I assume he will want to make the presentation at this meeting. If so, I will need an outline of his presentation no later 34- 1/ 6/ 2010 than Wednesday, January 6, 2010. In addition to the presentation for the General Employees' Pension Plan, Mr. Miller should be prepared to address whether or not the Police and Fire pension boards are participating in the claim. Thanks in advance for passing this information along to Mr. Miller. Please let me know when you here from him. Brandy L. Wunker Finance Director City of Fort Walton Beach 850) 833 -9512 850) 833 -9640 Fax Original Message---- - From: Glenn Thomas [ mailto: gthomas@llw-