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Trial in Rehabilitator's Suit against KSBIT Set for March 2016

Monday, March 2, 2015 | 0

A court-appointed rehabilitator’s complaint accusing former caretakers of the Kentucky School Board Insurance Trust of mismanagement, negligence and deceptive financial statements is scheduled to come to trial a year from now.  Meanwhile, the Kentucky League of Cities’ own lawsuit attempting to recover $8 million in cash that KLC poured into the failed trust will see its day in court this May. State insurance department General Counsel Shaun Orme and attorney Paul Harnice – the outside counsel handling deputy rehabilitator Joseph Pope’s complaint &ndash...

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