"Unhand Piermont!" To Standard & Poor's: Told 'Ya!

Law Office of John J. Tormey III, Esq.
John J. Tormey III, PLLC
1636 Third Avenue, PMB 188
New York, NY  10128  USA
(212) 410-4142 (phone)
(212) 410-2380 (fax)
jtormey@optonline.net
https://www.tormey.org
 
Thursday, November 21, 2024
 
VIA U.S. MAIL and E-MAIL:
victor.medeiros@spglobal.com
Victor Medeiros – Director and Lead Analyst
S&P Global Ratings – U.S. Public Finance
One Financial Center, 675 Atlantic Avenue, 9th Floor
Boston, Massachusetts  02111  USA
 
VIA U.S. MAIL and E-MAIL:
oladunni.ososami@spglobal.com
Oladunni M. Ososami – Primary Credit Analyst
S&P Global Ratings - Standard & Poor’s Global Corporate
Two Lincoln Centre, 5430 LBJ Freeway
Dallas, Texas 75240 USA
 
Re: CUSIP Base #720798-Village of Piermont, New York-Municipal Bonds
 
Dear Victor Medeiros and Oladunni M. Ososami:
 
I trust that you and your colleagues will recall my prior letter of August 8, 2024 wherein I provided you and your company important and timely information about the Village of Piermont, New York’s financial distress:
https://unhandpiermont.blogspot.com/2024/08/found-her.html
https://unhandpiermont.blogspot.com/2024/08/analyze-this.html
https://unhandpiermont.blogspot.com/2024/08/takin-it-to-street.html
 
Today the Office of the New York State Comptroller (OSC) confirmed to me in an e-mailed writing after my phone call with that office, that OSC has commenced a “Risk Assessment” of Mayor Bruce Tucker’s Village of Piermont. Further details appear here:
https://unhandpiermont.blogspot.com/2024/11/newsflash-office-of-new-york-state.html
https://unhandpiermont.blogspot.com/2024/11/vacuuming-bruce-tuckers-detritus.html
https://unhandpiermont.blogspot.com/2024/11/something-to-talk-about.html
 
A redacted copy of OSC’s e-mail to me of today, can be found at this link:
https://unhandpiermont.blogspot.com/2024/11/newsflash-office-of-new-york-state.html
I am also attaching/enclosing an unredacted copy of that same e-mail, to you with this letter. The unredacted text of OSC’s text has not yet been published.
 
For the sake of the innocent bona fide purchaser bondholders out there, and for the sake of the stability and integrity of the bond market generally, your renewed attention to the economic instability of the Village of Piermont will be most appropriate and very much appreciated. Thank you.
 
Respectfully submitted,

John J. Tormey III, Esq.
 
cc:
VIA U.S. MAIL and E-MAIL:
eden.perry@spglobal.com
Eden Perry
S&P Global Ratings - Standard & Poor’s Global Corporate
Two Lincoln Centre, 5430 LBJ Freeway
Dallas, Texas 75240 USA
 
VIA U.S. MAIL and E-MAIL:
charlene.butterfield@spglobal.com
Charlene Butterfield
S&P Global Ratings - Standard & Poor’s Global Corporate
Two Lincoln Centre, 5430 LBJ Freeway
Dallas, Texas 75240 USA