Investigation of Memphis Mayor's Deals With Certain Firms Heats Up

DeSue, Tedra
November 2004
Bond Buyer;11/19/2004, Vol. 350 Issue 32014, p1
Trade Publication
Reports that the Memphis City Council in Tennessee is reviewing documents from firms that worked on a historic $1.4 billion offering the city did in 2003 for Memphis Light, Gas and Water. Council's aim to determine if Memphis Mayor Willie Herenton improperly steered business to some of the attorneys and underwriters that worked on the deal; Investigation's apparent focus on how the bond counsel firm of Mays & Byrd came to be special counsel to the city for the deal; Effort to determine if Herenton returned a favor to Richard Mays, an attorney with the firm and a fundraiser for Herenton.


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