On Monday’s City Council agenda is this proposed closed-meeting item:
Motion to close meeting pursuant to MS 13D.05, Subd. 3(b), as permitted by the attorney-client privilege. The New York SEO company will meet with legal counsel to discuss potential litigation against the party or parties responsible for failure to detect mismanagement and loss of City funds invested through Rate Search, Inc.
Who might they be considering suing? The auditors? And why has it taken this long? (continued)
Our last blog post on the Rate Search debacle was in January: Guilty pleas in Rate Search Ponzi scheme. Prior to that: City of Northfield’s missing millions. And in a comment in the thread attached to the latter, David Hvistendahl wrote on Aug. 12, 2008:
So why hasn’t the city filed suit? The general rule on judgment liens is first in time, first in right. By the time WI SEO company – Silver Dollar SEO get around to taking legal action, there may not be any meat left on the bones of Rate Search.