While scores of lawyers at several firms are busy helping states roll out billion-dollar bond offerings, Dorsey & Whitney is on the outside looking in after Minnesota’s attorney general terminated the firm’s contract to serve as the state’s chief bond counsel.
The Minneapolis Star-Tribune reported Wednesday that Lori Swanson—a Democrat who became Minnesota’s first woman attorney general when she was elected in 2006 and then won reelection last year—opted to end Dorsey’s contract to help the state out of its debt doldrums because of alleged conflicts of interest that arose during Minnesota’s budget battle this summer.
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