Earlier this week, KBIA told you the City of Moberly has paid at least $677,000 in court fees since the Mamtek sucralose factory failed in 2010, including at least $60,000 in fees so far in April. Today, the Moberly Monitor-Index is reporting the city and its development authority have both been dismissed from a case being brought against them by Mamtek bondholders.
The MMI has just been informed that the City of Moberly and the Industrial Development Authority for the City have been dismissed from the court litigation brought by certain Mamtek bondholders, by Judge Patricia S. Joyce.Joyce granted the City and IDA's Motion for Dismissal late Thursday,
The revamped Moberly City Council didn’t wait long to begin making changes to their city.
The council recently approved an ordinance to put close to thirty thousand dollars toward repairs to city hall. The damages to the building occurred when mid-Missouri was hit by large amounts of snow back in February.
Doctor David Fleming of the University of Missouri’s School of Medicine is the new president-elect of the American College of Physicians, the nation's largest medical specialty organization.
Fleming was elected to the post Thursday, and will spend the rest of the year as president-elect until his official term begins in 2014. He says he is already planning for what will be the most pressing aspects of his term.
The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.
Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.