June 11, 2009 / 2:57 PM / 9 years ago

NY AG-Riverstone firm pays $30 mln in pension probe

NEW YORK, June 11 (Reuters) - Private equity firm Riverstone Holdings LLC agreed to pay $30 million to resolve its part in an ongoing corruption probe of New York state’s pension fund, Attorney General Andrew Cuomo said on Thursday.

Like The Carlyle Group [CYL.UL], which in mid-May paid $20 million to settle its role in the same investigation, its partner Riverstone also agreed to stop using placement agents and undertake other reforms set forth in Cuomo’s new code of conduct.

David Leuschen, a former Goldman Sachs energy expert who joined Riverstone, is not included in Riverstone’s resolution of its difficulties, the Democratic attorney general told reporters on a teleconference call.

Reporting by Joan Gralla; Editing by Chizu Nomiyama

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