TITLE

City Colleges of Chicago wins lawsuit; Westcap ordered to pay out $56 million

AUTHOR(S)
Ward, Andrew
PUB. DATE
October 1997
SOURCE
Bond Buyer;10/08/97, Vol. 322 Issue 30247, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on a federal court ruling ordering defunct securities firm Westcap Enterprises L.P. to pay $56 million to the City Colleges of Chicago in Illinois for steering the system into a series of risky derivative investments. City Colleges of Chicago's plans to sue accounting firms Arthur Andersen and Coopers & Lybrand for alleged failure to alert it to the risky investments.
ACCESSION #
9710171570

 

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