Excerpt:
A federal judge ordered Harvey, Illinois, to rehire a consultant and prove the status of management reforms the city agreed to in a 2014 consent judgment that settled charges the Chicago suburb fraudulently used bond proceeds.
After a series of communications over the last year about the status of the impoverished city’s compliance, the Securities and Exchange Commission dragged the city back to court in October.
Author: Yvette Shields
Publication Date: 21 January 2021
Publication Site: Fidelity
Original Publisher: Bond Buyer