PUSD vs Signature: In the budget or not?
Original post made by Tessio on Jan 13, 2010
Alameda Superior Court awarded around 3 million dollars plus legal fees to Singature Porperties. After loosing, PUSD hired Singature's law firm to sue PUSD's legal team for giving them bad advice. I understand that no money has been paid yet. Signature is giving PUSD time to persue this legal angle before demanding payment.
From a financial accounting perspective, was this included in the budget as a likely expenditure or has it already been factored in?
Can anyone shed light on this?