Putative Class In Jefferson County, Ala., Seeks Damages For Chapter 9 Bankruptcy

Putative Class In Jefferson County, Ala., Seeks Damages For Chapter 9 Bankruptcy

BIRMINGHAM, Ala. - A group of residents and county officials in Jefferson County, Ala., on Sept. 6 filed a putative class action adversary proceeding against the county and financial institutions, seeking damages and injunctive relief for alleged improprieties related to interest rate swaps that the class argues resulted in the county's bankruptcy (Andrew Bennett, et al. v. Jefferson County, Alabama, et al. [In Re: Jefferson County, Alabama], No. 11-05736, Chapter 9, N.D. Ala. Bkcy.). Subscribers may view the complaint available within the full article.

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