The Van Buren Township Board of Trustees met in closed-door session on Monday afternoon and the VBT Local Development Finance Authority met behind closed doors on Tuesday afternoon – both times to discuss Visteon.
VBT Supervisor Linda Combs said on Tuesday morning that Wayne County Circuit Court Judge Muriel Hughes dismissed the VBT suit without prejudice, saying it had been filed prematurely.
“Without prejudice” means it can be filed again in the future.
“We’re disappointed, but working with counsel to reevaluate our options,” said Supervisor Combs.
Detroit media announced that VBT is closer to financial pitfalls after Judge Hughes issued the final order for summary judgment on Feb. 18.
VBT was suing Visteon to try to get it to pay for the bonds that will be due in 2017 and will be beyond the township’s ability to pay.
The suit alleged Visteon breached its contract over bonds tied to construction of the 263-acre campus between Ecorse and Tyler roads and east of I-275.
Attorney Kaveh Kashef filed suit against Visteon on behalf of the township on July 2, 2015.
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