Dilworth Paxson Settles With Trust That Alleged Firm Role in Bond Fraud
Justin Henry , 07 April 2021
The Chicago health care trust that sued Dilworth Paxson in 2019 for its alleged role in an almost $40 million fraudulent bond sale agreed to a settlement with the firm last week, ending a dispute with the trust that sought millions in damages from the Philadelphia-based firm.
The Chicago Transit Authority Retiree Health Care Trust and the trust’s board of trustees dismissed claims against Dilworth and Timothy Anderson, a former partner at the firm, with prejudice, pursuant to a settlement on March 31. Terms of the settlement require each party to bear its own fees, according to the stipulation of dismissal.