Law360, New York (September 07, 2011, 2:05 PM ET) -- An Idaho federal judge ruled Monday that Boise County can't declare bankruptcy to stave off paying a judgment of more than $5 million to real estate developer Oaas Laney LLC, saying the county had not shown it was insolvent.
Boise County took the unusual step of filing for municipal bankruptcy protection in March in an effort to avoid the $4 million legal judgment leveled against it in Oaas Laney's suit accusing it of violating the federal Fair Housing Act. The developer, which wanted to build a...
Idaho County Can't Seek Bankruptcy To Duck $5M Verdict
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