Investors in Arkansas Water District Sue Over Default Workout

Albanese, Elizabeth
August 2004
Bond Buyer;8/31/2004, Vol. 349 Issue 31959, p5
Trade Publication
Reports that bondholders joined a group of Arkansas residents who live in the Vimy Ridge Water Improvement District in southwest Little Rock, Arkansas, in suing the district in an attempt to have payments lowered on defaulted special assessment revenue bonds the district sold in 1998. Call made by bondholders and residents in the district to forgive unpaid interest costs accumulated since the unrated debt initially defaulted in 2002.


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