Ohio Democrats last week were demanding to know why the state's attorney general took nine months to move against a Bermuda hedge fund that lost $215 million invested by the state's Bureau of Workers' Compensation.

"We're going to push it until we get to the truth," said State Sen. Marc Dann, D-Liberty Township, an attorney who is helping to spearhead his party's investigation into continuing revelations of politically-tinged investments and losses at BWC.

On June 10, Republican Attorney General Jim Petro said he had filed suit in Franklin County Common Pleas Court against MDL Active Duration Fund Ltd., alleging fraud, breach of contract and other violations of state law.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.