DALLAS - A civil lawsuit claiming that two New Mexico pension funds lost $90 million by investing in toxic assets is the first to assert pay-to-play allegations against Gov. Bill Richardson's administration.

The lawsuit by Frank Foy, former chief investment officer of New Mexico's Educational Retirement Fund, claims the ERF board was pressured by the administration to invest $50 million in collateralized debt obligations with a firm that later contributed to Richardson's presidential campaign.

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