CHICAGO -- Sexual harassment complaints have cost Chicago-based Rodman & Renstlaw Inc. a place on the underwriting team for an upcoming bond issue by illinois.

The state yesterday pulled Rodman from a $150 million general obligation college saver bond issue just hours after it released a list that included Rodman as a co-manager. James Montana, Gov. Jim Edgar's chief legal counsel, said the move was made after the state learned of several sexual harassment complaints filed against the firm.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.