Settlements and Verdicts

U.S. Bank

The city of Bowling Green filed a lawsuit against the bank related to embezzlement by the city's former Chief Financial Officer Davis Cooper. Two private accounts were set up by Cooper over 23 years and thousands of transactions were placed into these official sounding accounts. Cooper is serving eight years in a federal prison, after pleading guilty to embezzling from city tax receipts for over a decade. Under the agreement, U.S. Bank takes no responsibility for any of Cooper's criminal activity and denies any wrongdoing, but has agreed to pay the city a $275,000 settlement. (Aug-19-06) [LEXINGTON HERALD LEADER]

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