ON AUGUST 24, 2015, THROUGH THEIR MIAMI LAW FIRM, ALL ABOARD FLORIDA PLAYED TOUGH BY THREATENING INDIAN RIVER COUNTY (IRC) ATTORNEY DYLAN REINGOLD AND MARTIN COUNTY ATTORNEY MICHAEL DURHAM WITH LAWSUITS OVER FEDERAL AND STATE SECURITIES LAW VIOLATIONS.
In his August 24, 2015 letter to the IRC and Martin County Attorneys, Attorney Eugene E. Stearns of Stearns Weaver Miller Weissler Alhadeff & Sitterson, PA wrote that:
“I just learned some disturbing information. During the afternoon of August 13, 2015, two individuals associated with Indian River and Martin County anti-train groups accessed the All Aboard Florida New Roadshow on false pretenses and gained confidential information to which they were not entitled…it would appear that these two individuals were acting at the County’s behest and then shared what they learned with County representatives despite a legal obligation not to disclose it. That information included the date on which the PAB’s (Private Activity Bonds) are to be priced – August 25.”
[Publisher’s note. IRC Attorney Reinhold was not at the Roadshow event and does not know what the confidential information was.]
Attorney Stearns continued.
“With what we now know, it seems evident that Indian River and Martin Counties are engaged in a conspiracy to improperly influence the sale of PAB’s in violation of the anti fraud provisions of Federal and State securities laws. During last week’s IRC Board of Commissioners meeting, County officials made a series of false statements about FEC, AAF, and the project itself, with full knowledge of the pending securities transaction.
It is one thing for the Counties to express general opposition to the Project. But it is quite another for them to engage in a coordinated attempt to influence a pending securities transaction, through the dissemination of false information and other means.
It would seem that you and other County representatives involved in this do not appreciate the gravity of your transgressions. You will be well advised to start considering the consequences of your actions before you exacerbate your liability any further.”
And that was that.