San Diego Case Gets Ugly

Hume, Lynn
April 2006
Bond Buyer;4/19/2006, Vol. 356 Issue 32363, p1
Trade Publication
The article reports on the plan of city attorney Michael Aguirre to litigate audit committee members in San Diego, California. Former U.S. Securities and Exchange Commission chairman Arthur Levitt, a member of the committee, is sued for charging excessive fees and for failing to fulfill reporting obligations with the city's pension thrashing. Pension troubles came out after a member of the pension board complained that bond documents did not exactly reveal information about the pension system.


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