Thursday, June 26, 2008

Richard Studenny Off the Hook?

[Note: I ran the audio from the video that I shot at the Airport meeting and then ran it through a graphic equalizer. With the audio cleaned up and headphones on, I realized I miss heard the Airport Board's position on this. The Board will retain their claims against Studenny. This doesn't mean that Studenny doesn't get a free pass. The best friends he has within city government are at the airports. We'll see if they ever press the courts for his money.]

I attended the special meeting of the Tulsa Airports Improvement Trust that was held at 8:30 AM in Room 1101 of the Tulsa City Hall. Even though this was on the same floor and mere feet from Mayor Taylor's office, Kathy Taylor never appeared during the meeting.

All board members were present in the room with the exception of Meredith Siegfried, who was on a speaker phone as she was in Singapore on business.

The meeting was late starting and relatively brief. There were few surprises, but one jumped out at me. Richard Studenny, the attorney for the Tulsa Industrial Authority AND TAIT [the lender AND the borrower] back when the Great Plains deal was cooked up, will potentially be given a free pass. 

TIA, and indirectly BOK, was going after Mr. Studenny's malpractice and/or errors and omissions insurance to recoup their financial losses. Studenny was fired, after a too lengthy drama in the media, by then Mayor Bill LaFortune. It was always speculated that Studenny knew where "all the bodies" were buried at the Tulsa Airport. 

Now with Kathy Taylor's rushed and hushed settlement, the word is that both the bank, and TIA will waive any claim to Studenny's insurance. This let's him off free and clear, unless the City Council and/or the mayor muster the political will to pursue him in court. Remember though, this will be a brand new law suit and the clock and the cash machine will have to begin anew.

What's that smell? Can you smell that smell?

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