As reported by various news outlets, the Floyd County School District was the victim of a multi-million-dollar theft related to facilities contracts. The discovery prompted a multi-year investigation by the Floyd County Police Department, the Floyd County District Attorney’s office, and other investigative bodies that was completed in 2017.
The scheme centered on facility-improvement contracts, many of which involved HVAC equipment and security cameras from Johnson Controls, Inc., a publicly-traded company based in Milwaukee, Wisconsin.
Attorneys with the Rome-based law firm of Brinson Askew Berry advised Floyd County Schools in the investigation and were successful in negotiating a $2.3 million settlement with Johnson Controls.
In addition to the payout, Floyd County Schools received a two-year service contract valued at approximately $200,000 under the settlement agreement.
The settlement payment from Johnson Control was in addition to the property and monies seized by the State in its civil forfeiture action against the school system’s former maintenance director Derry Richardson and others. As the victim in the case, Floyd Schools is expected to receive more than $1 million from the State once the money is disbursed.