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Lake County settles with ORIX

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Lake County’s legal battle with ORIX Public Finance should be over soon.

According to meeting minutes published online, the county has spent around $200,000 defending itself in the broadband-related lawsuit, which alleged that the county owed Texas-based investment firm ORIX $5 million in damages after backing out of a bond purchase agreement.


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LaReesa Sandretsky
LaReesa Sandretsky is a Two Harbors High School graduate and Duluth native that began working at the News-Chronicle in 2012 as a reporter. She took over as editor in 2014. She covers County Board, including the Lake County broadband project.
(218) 834-2141