HomeMy WebLinkAboutMemo - Office of the City AttorneyCITY OF MIAMI
OFFICE OF THE CITY ATTORNEY
MEMORANDUM
TO: The Honorable Mayor and Mei be bf the jyCommission
FROM: Victoria Mendez, City Attorne
DATE: October 3, 2016
RE: Proposed Settlement - City Commission Meeting
Securities and Exchange Commission v. City of Miami, et al.
Case No.: 13-22600-CIV-ALTONAGA
File No.: 16-01362
The attached proposed Resolution seeks authorization for settlement of all claims
against the City of Miami by agreeing to entry of a final judgment including injunctive
relief and a civil penalty in the amount of one million dollars ($1,000,000.00).
This action was brought by the Securities and Exchange Commission for alleged
violations of federal securities laws in 2008 and 2009.
The Office of the City Attorney has investigated and evaluated this case and has
approved the recommendation of this settlement. Funds in the above amount will be paid
from the Account No. 00001.980000.531010.0000.00000.
Attachment(s)
cc. Daniel J. Alfonso, City Manager
Christopher Rose, Director, Office of Management and Budget
Anna Medina, Agenda Coordinator
VM/BLM/HJH/ag