While Asst City Attorney Grantham was assuring the citizens of Durham they were on the hook for "only" $500,000, questions were raised immediately about the accuracy of that claim. Is the Office of the City Attorney advising the City Council about the potential financial risks in their strategy or is it passing out advice they want to hear?Kimberly Grantham, assistant city attorney, said the city has sought $229,350 in reimbursements from the American International Group, the company that owns the insurer the city was under contract with in 2006 when the Duke lacrosse case started.
Under the insurance contract, the city was responsible for the first $500,000 and then the insurer would pick up the next $5 million.
Grantham said Tuesday that all five firms -- Faison & Gillespie, Poyner & Spruill; Kennon Carver Belo Craig & McKee; Maxwell Freeman & Bowman and Troutman Sanders -- are providing their services at below-market rate. N & O
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Hat Tip: Walt-in-Durham