Judge Nixes Case Against Financial Institutions Related To Flint Water Crisis

Mealey's (April 15, 2022, 7:05 AM EDT) -- DETROIT — A federal judge in Michigan on March 29 dismissed a lawsuit against three financial institutions in the ongoing litigation related to the lead-contaminated water crisis in the city of Flint that had been sued for their roles in underwriting a municipal bond sale related to the city’s move to change its water supply source, which resulted in the contamination at issue. The judge ruled that the decision to change the water source was made by elected officials, not banks....