$100K is not that much money but there has been a host of problems with investments from a number of funds and retirement accounts around Detroit. In this case, it looks like the Detroit Fire and Police Pension Fund is pushing for accountability from one of the companies it invested in. Mostly, it is a challenge to the company's leadership that will require the company to choose to either pay back the fund and/or remove the controversial figure.
You can see the boards pages HERE. Whom will win in this investment body slammmm? Off the ropes!
(As a side point, Its interesting to watch the strategy and how they play out in the actual environment. You kind of need to understand the history of pension funds to sort of get a picture of some prior challenges with investments and vetting of such investments. In any event, the Detroit Police and Firefighters deserve to have their pensions protected and decisions being made over that very tempting tempting pool of money should always be in the best interest of their public servant stakeholders. As long as they and their needs are central to all decision making then fiduciary responsibility has been met. )
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