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Need to Know

RI Resource Recovery Wins $2.86M Suit

A jury has awarded the Rhode Island Resource Recovery Corporation a multi-million-dollar verdict in a lawsuit, in which the state trash agency sought to hold its former accounting firm responsible for its well-documented financial problems and misdeeds.

The Nov. 3 verdict against Restivo Monacelli totals at least $2.86 million, including $2,551,052 in investment losses that the jury blamed, at least in part, on auditing lapses. With 12 percent interest, the award could be much larger.

Continue reading at the Providence Journal

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