Kentucky Retirement Systems Plaintiffs Seek Repayment from KKR Entities of Misappropriated $137 Million Plus Interest and Punitive Damages, Totaling $771…

nakedcapitalism.com/2024/05/kentucky-retirement-systems-plaintiffs-seek-repayment-from-kkr-entities-of-misappropriated-137-million-plus-interest-and-punitive-damages-totaling-771-million-oh-and-an-accounting-too.html

return over $137,000,000 of misappropriated KRS trust funds, plus interest at 8% since April 2019,2 for a total of $192,713,333 as of April 30, 2024; and
• pay a civil penalty, authorized by Subsection (3) of KY. REV. STAT. § 61.685, of $578,139,999 (three times the amount of $192,713,333 (as of April 30, 2024)), to a special fiduciary appointed by the Court; and
• provide an…

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