Friday, February 15, 2008

North Little Rock Electric Lawsuit

Sherwood city officials need further clarification on Judge Fox's ruling. Mayor Hillman updated Sherwood Chamber of Commerce. Read details in Sherwood Voice: http://www.sherwoodvoice.com/articles/2008/02/15/sherwood_voice/news/nws06.txt

It's a mixed result for Sherwood. Yes, we can chose who we want for electric providers but the judge also says that we must pay damages to North Little Rock because of a "implied contract". To read more about this development, please click the following link for the Sherwood Voice Article: http://www.sherwoodvoice.com/articles/2008/01/31/sherwood_voice/news/nws03.txt

1 comment:

Anonymous said...

I am wondering what type of "damages" that the judge will grant to NLR. I'm hoping that it doesn't amount to the entire franchise fees collected. That would put the city owing $2.19 million (YIKES!).