Cuyahoga County Vs. The Street

In describing a suit filed by Ohio's Cuyahoga County against seven securities firms, "Cuyahoga County vs. the Street" (In Business This Week, Aug. 28) implied that PaineWebber Inc., a defendant, had declined to comment on the case. In fact, PaineWebber told BUSINESS WEEK that the transactions cited by Cuyahoga were liabilities of Kidder Peabody Group Inc., which it acquired from General Electric Co. PaineWebber says that those liabilities remain with GE and that it expects to be removed as a defendant in the suit.

Before it's here, it's on the Bloomberg Terminal.