TITLE

Collier County settles lawsuit against Coopers & Lybrand for $115,000

AUTHOR(S)
Molis, Jim
PUB. DATE
January 1998
SOURCE
Bond Buyer;01/12/98, Vol. 323 Issue 30308, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Collier County, Florida has settled the legal actions it took against Coopers & Lybrand which was involved with losses the county incurred by purchasing more than $30 million of derivatives that violated the county's conservative investment policy. Case background; Company's failure to warn county officials about the risky nature of the collateralized mortgage obligations the county purchased.
ACCESSION #
122586

 

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