Class Bolsters Bond Suit Against Orrick, Calif. Bank

Law360, New York (July 12, 2010, 1:35 PM EDT) -- A putative class of bond purchasers has beefed up on expert witnesses and invoked California bond law in hopes of proving that Orrick Herrington & Sutcliffe LLP broke the law when it advised a bank to issue $77.6 million in bonds to a museum that later went bankrupt.

The class lodged a second amended complaint Friday in the U.S. District Court for the Eastern District of California, a month after Judge Garland Burrell Jr. dismissed the suit on grounds that the plaintiffs failed to allege any...
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