There's a new development in the case of Frank Foy, the former investment officer with the state Educational Retirement Board who sued the state for allegedly making a bad investment with a campaign donor to Gov. Bill Richardson.

Foy's attorney, Victor Marshall, filed a complaint against the ERB yesterday, saying the board improperly denied a public records request and is attempting to draw "a veil of secrecy" around its operations.



"The ERB is refusing to allow inspection of its public records in order to coverup wrongdoing at the agency, including wrongdoing by [ERB chairman] Bruce Malott and [state investment officer] Gary Bland. The ERB has denied the request to prevent the public from learning about malfeasance, nonfeasance and incompetence at ERB," Marshall writes in the complaint.

Here's a PDF copy of the complaint.