RI Resource Recovery Wins $2.86M Suit

Providence Journal

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.

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