School Board Bypasses College District Issue
The school board has declined to issue a resolution asking the North Orange County Community College District to drop a bankruptcy-related lawsuit.
The Santa Ana Unified School District’s proposed resolution died due to a lack of support. Board members this week said the college district may have good cause to pursue its lawsuit.
The New York law firm LeBoeuf, Lamb, Greene & MacRae has agreed to pay $50 million to settle an investors’ lawsuit regarding the firm’s role in Orange County’s unprecedented bankruptcy.
As part of the $50-million settlement, the firm would pay the Santa Ana school district $1.1 million and the college district $6.7 million.
But the agreement is being held up because the college district is pursuing a separate lawsuit against LeBoeuf.
LeBoeuf wants that college district suit dropped.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
