Documents from the RTA's audit of Metra show an insurance policy could have been used in a lawsuit rather than buying out ex-CEO Alex Clifford. According to the Chicago Sun-Times:
"The Metra Board’s decision to give ex-CEO Alex Clifford a “generous” farewell handshake to avoid a lawsuit was a bum deal for taxpayers because insurance would have covered most of the cost of any threatened litigation, RTA documents indicated Tuesday.
In addition, Metra underestimated the total cost of Clifford’s 26-month “separation agreement” by calculating its maximum payout at $718,000 when it was actually $871,000, RTA officials told the Chicago Sun-Times.
On Tuesday, RTA officials released briefing documents summarizing the preliminary findings of an audit scheduled to be discussed at Wednesday’s RTA meeting.
Former Metra Chair Brad O’Halloran and Metra attorneys have insisted that the June 21 Clifford buyout was cheaper than the cost of defending a whistleblower suit Clifford had threatened — even if Metra ultimately won the suit. Metra officials estimated the cost of defending a whistleblower lawsuit at $2 million to $3 million, RTA documents indicated."