Pension plan paperwork with glasses resting on them.

Dallas police and fire pension sues for millions in fees over bad investment advice


By Jason Trahan

he Dallas Police and Fire Pension system has filed a lawsuit against its former financial consultants and an attorney alleging they all failed to sound alarms about the fund’s risky real estate investments.

The suit seeks to recover millions in fees paid to the Townsend Group, based in Ohio, and two of its principals, Richard Brown, of Colorado, and Martin Rosenberg, of Ohio, as well as Dallas attorney Gary B. Lawson.

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