Pennsylvania may sue the financial advisers and law firms that worked with former Harrisburg Mayor Stephen Reed as he allegedly misused proceeds from bond deals that pushed the capital city into insolvency.
The state requested proposals on Monday from lawyers interested in pursuing a case, a week after state Attorney General Kathleen Kane announced criminal charges against Reed for his role in debt deals that led the city into a state receivership in 2011. Kane said Reed used bond money to buy Western memorabilia and pay those who supported his interests.
Reed said he will fight the charges.
“The city ...
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