Wake County, N.C., Selling $455M as School Lawsuit Looms

DeSue, Tedra
February 2007
Bond Buyer;2/14/2007, Vol. 359 Issue 32568, p3
Trade Publication
The article reports that Wake County, North Carolina, has planned to sell $455 million of general obligation bonds as response to the threat of a lawsuit proposed at the school board on its plan to hold classes for the whole year. However, despite the threat of a lawsuit, Stephen Cordell, a partner with Helms Mulliss & Wicker, still believe that it will cause no impact on the sale of the bonds.


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