Worried about a potential Rays bankruptcy, St. Pete hiring lawyer
28.04.11
The standoff over Tropicana Field hasn't hit the courts yet, but the city of St. Petersburg is hiring a law firm just in case.
City records show that the City Attorney's Office has been negotiating for legal services with Brown Rudnick LLP, a law firm with 200 lawyers.
Under a proposed legal contract, the firm would provide advice to the city regarding the Tampa Bay Rays' contract to play at Tropicana Field.
What's notable is the specialty of the New York lawyer who drew up Brown Rudnick's contract terms: bankruptcy law.
The city is concerned that the Rays might file bankruptcy as a way to get out of its stadium contract, said City Attorney John Wolfe. The city has no evidence the team is planning to do that, though, he said.
Source: Tbo.com