- Associated Press - Saturday, July 5, 2014

SHREVEPORT, La. (AP) - A state court judge has ordered a lawyer for the Shreveport City Council to appear in court July 14 to explain why the judge shouldn’t dismiss the council’s lawsuit against financial adviser Calvin Grigsby.

The council sued Grigsby & Associates in February, claiming Grigsby overcharged the city by $53,000 on work he did on a $175 million bond issue in 2011 and should repay that amount.

The Times (https://bit.ly/1zg5EzA) reports that the council and Grigsby disagree on whether he should be paid for one bond issue or for three separate bond issues. Meantime, the council has voted not to continue working with Grigsby.

Grigsby argues that the City Council doesn’t have the power to sue him because Shreveport’s city charter puts Mayor Cedric Glover in charge of legal matters.


Information from: The Times, https://www.shreveporttimes.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide