May 8, 2015
On May 8, 2015, the California Second District Court of Appeal in Los Angeles reinstated an action brought by Schlam Stone & Dolan against the California Public Employees' Retirement System (CalPERS). The plaintiff, Cesar Baez, alleges that CalPERS forced him out of private equity firm Centinela Capital Partners, where he was a partner, by threatening to withhold promised investments, and that CalPERS was motivated by Baez's friendship with Latino businessmen who were being investigated by CalPERS in an unrelated matter. Schlam Stone partner Jeffrey Eilender was quoted by the Sacramento Bee, saying CalPERS harmed Baez’s reputation, and that Baez has struggled to find work since leaving Centinela. Eilender and Schlam Stone & Dolan partner Michael Battle are representing Mr. Baez in the action.