our relationship with Orange County. It cited the costs, distraction and uncertainty of further
litigation as the reason it had come to make such an expensive settlement, while assuring its
investors that it had already fully reserved against such an outcome.
Together with settlements from more than 30 other securities houses, law firms and
accountancy firms that the county held partly responsible for the losses, the money from Merrill
Lynch meant that some 200 municipal and governmental agencies could be finally made good.
In February 2000, officers appointed by the courts paid out around $864 million to various
government entities that had suffered from the collapse. Five years on from the bankruptcy, it
was a big day for the smaller creditors. But on the same day, Orange County supervisor Jim
Silva reminded local reporters that the county itself was still paying off some $1.2 billion of the
recovery bonds issued in 1995 and 1996 and would be for several decades, unless it was
able to speed up repayments.
our relationship with Orange County. It cited the costs, distraction and uncertainty of furtherlitigation as the reason it had come to make such an expensive settlement, while assuring itsinvestors that it had already fully reserved against such an outcome.Together with settlements from more than 30 other securities houses, law firms andaccountancy firms that the county held partly responsible for the losses, the money from MerrillLynch meant that some 200 municipal and governmental agencies could be finally made good.In February 2000, officers appointed by the courts paid out around $864 million to variousgovernment entities that had suffered from the collapse. Five years on from the bankruptcy, itwas a big day for the smaller creditors. But on the same day, Orange County supervisor JimSilva reminded local reporters that the county itself was still paying off some $1.2 billion of therecovery bonds issued in 1995 and 1996 and would be for several decades, unless it wasable to speed up repayments.
การแปล กรุณารอสักครู่..
our relationship with Orange County. It cited the costs, distraction and uncertainty of further
litigation as the reason it had come to make such an expensive settlement, while assuring its
investors that it had already fully reserved against such an outcome.
Together with settlements from more than 30 other securities houses, law firms and
accountancy firms that the county held partly responsible for the losses, the money from Merrill
Lynch meant that some 200 municipal and governmental agencies could be finally made good.
In February 2000, officers appointed by the courts paid out around $864 million to various
government entities that had suffered from the collapse. Five years on from the bankruptcy, it
was a big day for the smaller creditors. But on the same day, Orange County supervisor Jim
Silva reminded local reporters that the county itself was still paying off some $1.2 billion of the
recovery bonds issued in 1995 and 1996 and would be for several decades, unless it was
able to speed up repayments.
การแปล กรุณารอสักครู่..