TITLE

Attorney Close to Settling in Chicago's Kemper Yield-Burning Case

AUTHOR(S)
Shields, Yvette
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The attorney behind six yield-burning cases filed on behalf of some issuers of Illinois told a judge in Chicago on June 10, 2003 that he is close to reaching a settlement in the lawsuit. They alleged that financial services company Kemper Securities Inc. overcharged the city by $222,000 on an advance refunding. The appellate court sided with attorney Clint Krislov in his argument that no time limit be applied under Illinois law because the lawsuits were brought on behalf of governments.
ACCESSION #
10104677

 

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