Letter to the editor
To the editor:
In an article published in the July issue of Twin Rivers Today (and I believe written by Scott Pohl) we were told (about the lawsuit) that "…through May 21, 2001, the cost of this lawsuit to Twin Rivers has been over $87,000 over $85,000 this year. The Twin Rivers budget for 2001 allocates $50,000 for legal fees for this year. As you can see, the cost of this case has exceeded what we anticipated spending on all of our legal needs."
However, a copy of the 2001 budget, which was published in the October 2000 issue of Twin Rivers Today, allocated legal expenses for the year 2001. Please remember that the budget for 2001 was prepared in August 2000 and published in Twin Rivers Today in October 2000, which coincidentally was a couple of months before the CBTR lawsuit started. What I would like to know is which lie is true and if they are lying to us about costs of the lawsuit how much validity is there in anything else that they tell us?
At the Aug. 8, 2001 special meeting about ways to finance the CBTR lawsuit, Scott advised that they would not use their executive indemnity insurance company to reimburse them for the costs of the CBTR lawsuit because only he and the administrator were covered by that policy and that the other board members needed legal representation. However, in a financial statement dated Dec. 31, 2000 the accountants said about the lawsuit, in footnote No. 11, that "the Board of Trustees anticipates that it may incur substantial legal costs to defend against the suit. The Board of Trustees has submitted a claim to the Trust insurance carrier for the legal costs involved in litigating this case. The insurance company has state that this is a covered claim … In the opinion of management the ultimate outcome of the suit … will not materially affect the company’s consolidated financial statements."
Once again if they are lying to us about the costs of this lawsuit how much integrity is there in anything else that they tell us?
In terms of the discrepancies of what the board told us and what appears in print I think the board owes us the right to see all correspondence between the board and its insurance company and to hold a town hall meeting to discuss and see why the CBTR is suing Twin Rivers.
Al Wallybr>
East Windsor

