Close

Sun Subscriber Login

Username:  


Password:



Please wait....
 
News Story
Updated: 12/10/2012 10:36:30AM

Sarasota County reinvests recouped $24 million gained in lawsuit

Share this story:


By STEVEN J. SMITH

Text Size:


SARASOTA COUNTY — In the wake of the $24 million settlement reached between Sarasota County and investment adviser Wells Fargo and Company, Clerk of the Circuit Court Karen Rushing, who helped lead the lawsuit, said those monies will return to funds sustained by county departments invested on behalf of county taxpayers.

“All of that money is pooled, it’s not any one specific security,” she said, “and so those dollars that came back in got reappropriated back to the funds that contributed to the book entries when (the) 2008 (economic collapse) occurred.”

You are currently not logged in
By logging in you can see the full story.

Subscribe to 
							the E-Edition
Get the Sun Delivered


ADVERTISEMENT