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New Balance 410 Yellow

New Balance 410 Yellow

The notice came to the county just days after Commission President David Carrington signaled a tough stance with JPMorgan, saying the county still holds a "very fine trump card" in its civil lawsuit against the bank for corruption.Carrington said Thursday he believes his comments had nothing to do with the timing of the letter.Justin G. Perras, a spokesman for JPMorgan, declined to comment. Efforts to reach county attorneys for comment were unsuccessful.Syncora Guarantee Inc. is seeking $400 million in damages from the county and JPMorgan, contending that they fraudulently persuaded the insurer New Balance 3000v1

to provide coverage for the county's sewer debt. The money is the amount Syncora has paid or expects to be asked to pay under the insurance policies.Carrington said he reviewed a copy of a Jan. 31 letter from Simpson, Thacher Bartlett, New Balance 410 Yellow the law firm representing JPMorgan. to the county."In December, a New York State Court judge dismissed Jefferson County's counterclaims against the bond insurer.During a speech last week to Leadership Birmingham's Members Council and Operation New Birmingham at Harbert Center, Carrington told the New Balance 574 Sale

his comments.After counterclaims are dismissed, he said, "there is usually a time period to appeal or amend your appeal. They (JPMorgan) were under some time constraints to make that move. Nobody has told me otherwise. It's just they had to do it within a time certain."The county has struggled unsuccessfully since 2008 to reach a settlement with creditors, including JPMorgan, to repay the $3.2 billion borrowed to repair and expand the county sewer system.

New Balance 410 Yellow

New Balance 410 Yellow

New Balance 410 Yellow

New Balance 410 Yellow

New Balance 410 Yellow

New Balance 410 Yellow

New Balance 410 Yellow

JPMorgan says Jefferson County might owe

audience: "If we don't settle, there will come a day, in the next five years, 10 years, the next 15 years, where JPMorgan will have to come before a jury of their peers in Jefferson County, Alabama, and answer for what they've done, both on the sewer side and on the general side."My guess is this county could be the richest county in the world," Carrington said during the speech. "So I would respectfully suggest if they're listening, and I know they are .. that we come to a reasonable settlement before you have to face a jury of your peers in Jefferson County."Carrington's speech was on Jan. 27; he met with creditors in New York on Jan. 28, and the county received a notice dated Jan. 31.Carrington said he believes the firm's letter was more in response to time constraints faced by the bank than New Balance 574 Dark Blue

New Balance 410 Yellow

New Balance 410 Yellow

New Balance 410 Yellow

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