The effects of Wall Street are being felt on Main Street right here in southeastern Wisconsin. Bad investments could cost some area school districts millions of dollars. The Whitefish Bay, Waukesha, West Allis-West Milwaukee, Kenosha, and Kimberly School Districts are all suing their investment adviser, claiming they were misled, and are out millions of dollars. Now the districts are being thrown into the national spotlight. The financial troubles were just highlighted on CNN. They've been featured in the Wall Street Journal. This after the lawsuit was filed, saying they were misled into making bad investments. The five districts together invested $200 million to help fund teachers' retirement and health care benefits. They claim they were told that the money would be invested very conservatively. Instead, they say the money was put in extremely risky investments. Now they could lose millions. As school let out at Cumberland Elementary, parents like Brent Weatherall were disappointed even school districts are feeling the effects of the crisis on Wall Street. “You just tire of hearing the same story over and over where a corporation or a company run by unethical individuals decided they wanted to make a buck at somebody else’s expense,” Weather all, dad to a kindergartner, said. Now the big question is, if the districts don't win their lawsuit, how will they repay the money? “It probably will mean increased taxes, and this particular district pays very high taxes the way it is,” Caryl Berger said Administrators for all of the districts were at a conference at the Midwest Airlines Center and we are told will not be available to comment until Monday about what could happen. But an attorney who represents the five districts tells Today's TM4 that tax hikes are unlikely, and claims there shouldn't be deep school cuts. But the money has to come from somewhere; just one more reminder no one is immune from the financial crisis. “It’s all tied in,” Berger said. Much more information on the lawsuit and the investments by logging onto www.schoollawsuitfacts.com.