Karen Grande, a partner in Edwards Wildman
’s Public Finance Department in Providence, discussed how the bankruptcy of Central Falls, R.I., is viewed as an example of how to correctly handle distressed municipalities in The Bond Buyer. Grande served as municipal finance counsel to the state, its Department of Revenue, and the Central Falls receiver’s office. In the article, “Municipalities in Fiscal Distress Find There’s No Easy Way Out
,” Grande said, “What we did in Central Falls empowered the city of Providence and other communities to get things done” in regards to pension overhaul.