Frank Sullivan

Rob Crawley / flickr.com/photos/robcrawley/3114271990

The Indiana Public Retirement System is set to go before the U.S. Supreme Court next month, where justices will decide if it can sue a publicly-traded company for alleged securities fraud.

In June of 2011, Science Applications International Corporation – or SAIC – issued a statement to the market detailing how it was under a criminal investigation for a group of employees’ kickback scheme in New York City.

The Indiana public pension fund had bought stock in the company shortly beforehand, and claims that information should’ve been made public much earlier.

Only one woman has sat on Indiana’s Supreme Court, but the state’s Lieutenant Governor believes a second may be named soon.

Becky Skillman says Governor Mitch Daniels would like to appoint a female justice to replace Frank Sullivan who is stepping down at the end of the year.

She says doing so would provide the court with a unique perspective and the state is better served when there is a diverse group of justices.

Governor Daniels is tasked with appointing his second justice this year.

He selected Mark Massa to replace Randall Shepard who retired last month.

Sullivan Stepping Down from IN Supreme Court

Apr 2, 2012

Indiana’s Supreme Court needs to replace another judge.

Justice Frank Sullivan announced Monday he is stepping down and will accept a position at Indiana University’s McKinney School of Law.

He has served on the state Supreme Court since 1993.

Sullivan’s decision comes on the same day Governor Mitch Daniel swore in the court’s newest justice, Mark Massa, who is replacing Randall Shepard.

Shepard, a native of Lafayette, retired last month.