go down, but it won't be the. la ♪ >> smith: as lead plaintiff, they tapped an old friend of michelle lerach'sayberry, a retired state trooper. i >> from wh understand, the funds were fraught wh inflated fees. allegedly they were exorbitant, they were non-standard, they were not of the norm. >> smith: tens of millions of dollars. >> that's what i understand. (gunshots echoing) >> smith: in the spring of 2018, we attended a pre-trial hearing in a courtroom in frankfort. >> blackstone asset management... >> smith: yberry faced thirty-one defense attorneys representing krs board members, their financial advisers, and the .ree hedge fund companies >> obviously the number of defense attorneys did make me realize at there's some big money here, and they can afford the best in the country. >> the agreements that these three hedge fund compani entered into with krs were alwa declared a secret. we have never been able to find thve in any public record, w never been able to find them on krs's website. all of these defendants, your honor, are seeking to keep private their dealings with krs. >> smith: the