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Dixon to recoup $40 million

DIXON – Mayor Jim Burke said the amount of the settlement speaks for itself. The city of Dixon reached a $40 million out-of-court settlement with its former auditors and Fifth Third Bank, who the city said were to blame for former Comptroller Rita Crundwell’s theft of nearly $54 million in the past 2 decades. The agreement was reached Saturday following a 17-hour session in Chicago, Burke said.

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