DIXON - Officials of Dixon, Illinois approved a $40 million settlement late Tuesday with auditors and a bank in the case of former Comptroller Rita Crundwell's (photo right) theft of nearly $54 million in city funds.
Of the $40 million, $35.15 million will be paid by CliftonLarsonAllen. Fifth Third Bank, which handled the city's checking accounts, will pay $3.5 million. Janis Card and Associates of Sterling, which took over the city's audits in 2005 until Crundwell's arrest, will pay $1 million.
As part of the agreement, the city will file no further lawsuits against the defendants or their representatives.