One reason Memphis can’t touch its rainy day fund: pending lawsuits
RowVaughn Wells, (middle) mother of Tyre Nichols, speaks to the media on Wednesday, April 19, 2023, after announcing a $550 million civil lawsuit against the City of Memphis, Memphis Police Department, and individual officers for the January 2023 death of Nichols. (Mark Weber/The Daily Memphian file)
Outside of its bond rating and requirements from the state comptroller, Memphis has another reason to keep its $100 million rainy-day fund intact: the pending civil rights lawsuit from Tyre Nichols’ family and estate.
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Samuel Hardiman
Samuel Hardiman is an enterprise and investigative reporter who focuses on local government and politics. A native Rhode Islander who lives in Midtown, he enjoys tennis, golf and reading.
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