Orrick Settles San Diego Bond Suit For $2.9M

Law360, New York (July 30, 2008, 12:00 AM EDT) -- Orrick Herrington & Sutcliffe LLP has agreed to pay the city of San Diego roughly $2.9 million to settle a lawsuit that accused the firm of concealing the city’s vast pension fund debt when it acted as bond and disclosure counsel, San Diego City Attorney Michael J. Aguirre announced Tuesday.

The city attorney’s office filed the lawsuit against Orrick in 2005 in the San Diego Superior Court alleging the firm provided inaccurate information about bond offerings concerning the city’s employee retirement system, essentially concealing a $2...
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