Suit Alleges Noncompetitive Oklahoma City Deal Was Illegal

Williamson, Richard
April 2003
Bond Buyer;4/28/2003, Vol. 344 Issue 31623, p3
Trade Publication
Oklahoma City illegally hired the Oppenheim Division of BOSC Inc. to negotiate the sale of three bond issues last year totaling more than$ 120 million, according to a citizen's lawsuit that demands the return of$ 1.6 million in fees paid to one of Oklahoma's most prominent public finance firms. The suit filed in the name of Oklahoma City resident Connie Baldwin claims Oklahoma City and the Oklahoma City Airport Trust that manages bond funds illegally transferred money to Oppenheim by failing to sell the debt competitively. Oklahoma's$ 1 billion grant anticipation revenue vehicle program at the state Supreme Court by Oklahoma City attorney Jerry Fent led to a declaration that the state's bond approval process was constitutional.


Related Articles

  • West Contra Costa USD Takes on Orrick. Saskal, Rich // Bond Buyer;12/29/2010, Vol. 374 Issue 33441, p1 

    The article reports on the lawsuit filed by the West Contra Costa Unified School District (USD) against its bond counsel Orrick, Herrington and Sutcliffe LLP in California. It states that West Contra Costa USD brought a 57.9 million dollars general refunding to market in September 2009. However,...

  • Oklahoma Lawsuit Could Break $156 Million Bond Package. Albanese, Elizabeth // Bond Buyer;09/18/2000, Vol. 333 Issue 30977, p43 

    Focuses on the lawsuit filed by Representative Russ Roach against a revenue bond issue for state capital improvement plan in Oklahoma. Concern over industrial projects to be funded by bond proceeds; Contention on the illegality of the bond issue; Target date for the availability of funds.

  • Okla. High Court Declines to Hear Anti-Bond Case. Albanese, Elizabeth // Bond Buyer;12/04/2000, Vol. 334 Issue 31029, p7 

    Reports the lifting of the case against blocking the bonds sale by the Oklahoma Capital Improvement Finance Authority following the Supreme Court refusal to hear the case in Oklahoma. Purpose of the hearing refusal; Reasons on the alleged unconstitutionality of the bond issues; Causes of the...

  • Judge Issues Deadline for Dallas River Project Case. Albanese, Elizabeth // Bond Buyer;8/29/2001, Vol. 337 Issue 31213, p40 

    Focuses on a lawsuit determining the legality of selling bonds for a project without the approval of the voters in Dallas, Texas. Schedule of the case trials set by judge Anne Ashby; Claims of the Taxpayers for Sensible Priorities over the illegality of the sale of the debt; Overview of the case.

  • SOUTHWEST Bond-Watch. Watts, Jim; Albanese, Elizabeth // Bond Buyer;12/14/2004, Vol. 350 Issue 32029, p27 

    The article analyzes different bonds by southwestern States of United States. In Arizona Tucson Unified School District may allow businesses to advertise products and services on the district's school buses as a way to generate money for schools. A 2002 court order by the Arkansas Supreme Court...

  • Illinois probe of Chicago suburb could affect 1993 IDFA bonds. Shields, Yvette // Bond Buyer;06/15/99, Vol. 328 Issue 30662, p28 

    Reports that the Illinois Attorney General's office has launched an investigation into whether Chicago, Illinois' decision not to pursue reimbursement for a lawsuit settlement violated the conditions of issuance. Revenue bonds issued by the Illinois Development Finance Authority.

  • Second Clinton Park Lawsuit Holds Up Other Arkansas Revenue Deals. Albanese, Elizabeth // Bond Buyer;8/3/2001, Vol. 337 Issue 31195, p34 

    Reports on a lawsuit attacking the constitutionality of a 16 million dollar Little Rock, Arkansas bond sale. Postponement of other revenue bond issues in the state; Details of the lawsuit.

  • Referendum Denied. D'Ambrosio, Jill // Bond Buyer;6/28/2004, Vol. 348 Issue 31914, p35 

    Reports on the New Jersey Supreme Court's denial of a request to hear a case filed on behalf of a group that had lobbied Newark officials to hold a public referendum on the use of about $200 million in bond proceeds. Bases of the court's decision.

  • Lawsuits Force Lee County, Fla., to Halt Closing on Bridge Bonds. Sigo, Shelly // Bond Buyer;1/20/2004, Vol. 347 Issue 31803, p7 

    Focuses on the cancellation of the closing for revenue bonds due to two lawsuits filed challenging a plan to replace a drawbridge in Lee County, Florida. Postponement of the closing for the transportation refunding bonds; Worth of the revenue bonds; Termination of the bond purchase agreement.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics