LANSING — A Lansing-based organization that manages employee retirement plans for Michigan local governments lost $100 million on a coffee-growing venture in Hawaii and fraudulently misled a lender into contributing $40 million to the project before abandoning it, according to a lawsuit filed Monday, Dec. 1.

The lawsuit, filed in Polk County, Florida, accuses the Municipal Employees' Retirement System (MERS) and other defendants of fraudulent misrepresentation, negligent misrepresentation, and conspiracy.

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