Arkansas Teacher Retirement System Seeks Lead Role in 2 Lawsuits Over $8 Million Losses
Updated
Updated · Arkansas Online · May 18
Arkansas Teacher Retirement System Seeks Lead Role in 2 Lawsuits Over $8 Million Losses
1 articles · Updated · Arkansas Online · May 18
Trustees on Monday authorized the $24 billion Arkansas Teacher Retirement System to seek lead plaintiff status in securities class actions against Gartner and Super Micro, where it says it lost about $8 million.
About $6.3 million of the claimed losses are tied to Gartner, which the system says misled investors in 2025 about customer relationships and expected revenue before its stock fell.
Another $1.7 million is tied to Super Micro, where the pension fund said DOJ indictments over server diversions to China raised concerns that any settlement could favor stockholders and leave bondholders exposed.
The cases are expected to take years, and the outside firms would work on contingency with fees capped at 25%, meaning no direct upfront cost to the retirement system.
Mark White said the fund has been selective about joining securities cases; it currently has two active matters and last sought co-lead plaintiff status in a Five Below case in September 2024.
When a top tech advisor is accused of misleading investors, who can the market trust?
Can a teacher pension fund lawsuit actually curb the flow of AI chips to China?
Is a state pension fund now one of Wall Street's most effective corporate watchdogs?