Another website in town has posted the following on its home page:

In case the image doesn't show up for you, it reads:
The official School Committee update on the missing METCO statements:
"The School Committee has taken appropriate action relative to the Metco Program Discretionary Account matter but, upon advice of Town Counsel, is not at liberty to say anything further."

Is this a satisfactory explanation?
So I thought I would put this question to readers here: if Town Counsel has advised the School Committee not to speak about this matter, are they communicating appropriately by not providing further information?