County Lets Gov., Lawyers Take Over Creditor Talks

Law360 (August 28, 2008, 12:00 AM EDT) -- With $3.2 billion of debt threatening to force Jefferson County, Ala., into Chapter 9, the county's governing body has allowed Gov. Bob Riley, Bradley Arant Rose & White LLP and an attorney for the county to assume control of talks with the county's creditors, according to a source close to the Jefferson County Commission.

On Tuesday, the five-member Jefferson County Commission unanimously approved the resolution handing control of creditor negotiations to the governor and attorneys, the source, who wished to remain anonymous, said, adding that an...
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