Fluvanna suit over bonds dismissed - The Daily Progress: News

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Fluvanna suit over bonds dismissed

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Posted: Thursday, February 23, 2012 8:26 pm | Updated: 10:55 am, Wed Jan 23, 2013.

A judge on Thursday agreed to dismiss a Fluvanna County lawsuit that claimed a Richmond-based financial company duped officials into issuing nearly $70 million in bonds to build a new high school so the company could earn more by charging higher fees.

The lawsuit, filed Sept. 6 in Fluvanna County Circuit Court, alleged officials with Davenport & Company LLC “knowingly or negligently misled the board in order to increase its own revenues at the expense of the board and Fluvanna County taxpayers” in the 2008 bond issue.

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