DALLAS -- Fort Worth officials yesterday authorized lawyers to investigate the potential liability of the underwriters and others involved with a 1985 bond sale that the Internal Revenue Service says is no longer tax-exempt.

Judson Bailiff, the Fort Worth's director of finance, said the city council next week will formally hire the law firm of Kelly, Hart & Hallman to determine whether lawsuits should be filed against Matthews & Wright and others involved in the $27 million Overton Ridge Square multifamily housing deal.

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