A complaint filed in mid-January by plaintiffs in Michigan’s Court of Claims alleges a novel, and intriguing claim. Taken to its limits, the class action essentially alleges that the State of Michigan inversely condemned the entire City of Flint, or some large portion thereof, by knowingly transferring the city to a water source contaminated with lead. At first, the action may seem far-fetched. But is it? This story from the New York Times seems to indicate that everyone who can get out of Flint is doing just that. The only people staying are those too poor to leave. Read the article………….
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Dear Tony: As a follow up to last week’s column on depreciation reports, our management…