County's Lawsuit Over Failed $21M Investment Falls Apart
County Administrative Officer Fred Homan, in an April 30 letter, writes that the firms withdrew because of disclosure of information provided at a secret meeting between county officials and Council on April 16.
Updated (4:59 p.m.)—A contract to hire an outside attorney to sue Merrill Lynch over a failed $21 million investment has been withdrawn. In an April 30 letter to the Baltimore County Council, County Administrative Officer Fred Homan said the contract with Scott, Douglass and McConnico, LLP and Themis PLLC was being withdrawn due to press reports about the potential lawsuit. Homan wrote that "due to the disclosure of confidential information about Baltimore County's claim, they are not willing to move forward on the county's behalf at this time." Patch reported two weeks ago that county officials met secretly with members of the Baltimore County Council to discuss a 2007 investment in Mainsail II LLC. That investment, which involved …
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charles richardson
5:15 pm on Wednesday, May 2, 2012
I'm waiting for Meg O'Hare to respond. Meg, would you classify the latest comment as "nasty"? Will you be quick to respond, condemn or will you sit silent and let it go.I hope your blog is what you really believe and if it is you will comment. Please, "crooks"? Buck are you really claiming that either of those 2 benefited personally by the horrible investment. Please try and refrain from such … more ›