In case you missed it, county Supervisor Mark Church was on “Lou Dobbs Tonight” last week, trying to protect his eyes from the glare of the CNN host’s blindingly white teeth.
Dobbs featured a segment Dec. 1 with both Church and lawyer Joe Cotchett, whose firm is handling the county’s lawsuit against Lehman Brothers, the collapse of which deprived the county of about $150 million in investments.
The suit asserts that the company fraudulently misled investors into thinking their money was safe, even as the investment firm slid closer to the abyss.
“What makes this case so outrageous is that all the while upper management was siphoning off millions of dollars for their own personal benefit, leaving investors holding the bag,” said Church, according to a CNN transcript.
Cotchett referred to Lehman Brothers’ executives as “modern-day robber barons.”
“One thing is for sure,” Cotchett said of the company’s leaders. “They shouldn’t have a $21 million condo on Park Avenue to return home to every night.”