BERNALILLO COUNTY MAY GO TO COURT TO RECOVER MILLIONS OF DOLLARS IN LOST INVESTMENTS. THE COUNTY COMMISSION WILL MEET BEHIND CLOSED DOORS THIS WEEK TO DECIDE WHETHER TO FILE A LAWSUIT. THE CLAIM WOULD BE AGAINST BROKERS HANDLING TRANSACTIONS FOR COUNTY TREASURER MANNY ORTIZ AND FORMER INVESTMENT OFFICER PATRICK PADILLA.
THE COUNTY TOOK A 17 MILLION DOLLAR HIT LAST YEAR WHEN IT SOLD INVESTMENTS AT A LOSS TO RESTRUCTURE ITS PORTFOLIO.
COMMISSIONERS CONSIDER THE LAWSUIT AT THEIR MEETING TUESDAY.
