Two of Cleveland's largest financial services companies are the target of a lawsuit stemming from the failure of a local government investment pool.

Cuyahoga County has accused National City Corp. and McDonald & Company Securities Inc. of violating Ohio's antifraud statutes in connection with the sale of some $377 million of bonds in 1993 and 1994. The taxable bonds, sold in two series of tax and revenue anticipation notes, matured in one year or less.

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