Press Release: New York, NY
October 22, 2014
John Tober of The Tober Law Group, David Stone of Stone and Magnanini LLP and Marie Thomas-Griffith and Samuel Hall, Jr. of Hall & Griffith, PC filed a lawsuit in U.S. District Court of the Virgin Islands on behalf of the Virgin Islands Public Finance Authority (PFA) on October 29, 2014. The Law suit alleges Buchanan Ingersoll and Bank of America incorrectly advised the Government of the Virgin Islands that the bond issue was tax-exempt.
See full press release here >> USVI sues lawyers and financial advisor over IRS disallowance of $219 million bond issue (PDF)