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Nassau Drops NIFA Lawsuit

Taxpayers will be responsible for paying the legal fees for both sides.

Nassau County will not pursue its lawsuit against the Nassau Interim Finance Authority’s takeover of county finances.

The order to forgo any further litigation came Tuesday from County Executive Ed Mangano.

NIFA’s six members had voted unanimously to impose a control period based upon the county’s projected $176 million deficit for fiscal 2011, a charge that county officials denied, maintaining that the budget was balanced. County officials also called the takeover unconsitutional.

Supreme Court Judge Arthur Diamond had asked the county to submit arguments by Tuesday, but the county executive directed county attorney John Ciampoli to drop the remainder of the suit.

Mangano has since submitted more than $181 million in cuts as part of a revised budget plan that includes over 200 layoffs.

Last Thursday, NIFA Chairman Ronald Stack called upon Mangano to drop the lawsuit because the board had already expended approximately $418,000 of taxpayer money in legal fees.

NIFA retained New York’s former Chief Judge Judith Kaye, now a member of the law firm Skadden, Arps as lead counsel. Attorneys from Mangano’s former law firm of Rivkin Radler represented the county as outside counsel in the proceedings.

Scott Clarke March 30, 2011 at 07:14 PM
What does being a Republican have to do with it? How long was Suozzi here? You think Dems are above being corrupt? Stop with the partisan nonsense. That's why nothing ever gets done. Both parties members are self serving crooks.
pjh March 31, 2011 at 03:55 AM
Age old verbiage, "screw the poor".
R Miller March 31, 2011 at 10:39 AM
Well I am glad that is over. Really served no purpose to the residents of Nassau except the wasting of more precious tax dollars. My suggestion and it is a radical one; is everyone should put their heads together and just get through this mess. Look what Albany just did, they acutally passed a fair budget with relatviely no fighting
Bruce Haber May 24, 2012 at 01:58 AM
TOO MANY STUPID OBAMA TYPE REGULATIONS KILLING BUSINESS IN THIS ECONOMY CANT OPEN ANYTHING WITHOUT STUPID PERMITS
Bruce Haber May 24, 2012 at 02:00 AM
our president http://www.youtube.com/watch?v=3j6tgSGTaQA&feature=g-upl READ AND SEND IF U LIKE

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