The State Board of Administration of Florida (the “SBA”) is seeking responses to an Invitation To Negotiate (“ITN”) from law firms that are interested and qualified to provide legal representation to the SBA on matters relating to securities litigation (class actions, opt-out and individual actions and derivative actions). The SBA is a constitutional entity that acts as investment fiduciary for the Florida Retirement System Trust Fund and other state and local funds. As of July 31, 2009, the SBA had $126.87 billion total assets under management.
The ITN will available on Monday, October 19, 2009, and responses are due no later than 5:00 p.m. EST on Tuesday, November 3, 2009. The ITN is posted and available on the SBA’s website at www.sbafla.com under the tab labeled “Vendors.”