Orrick, Calif. Bank Win Toss Of Bond Class Action

Law360 (March 9, 2011, 8:22 PM EST) -- A California federal judge on Wednesday permanently nixed a putative shareholder class action claiming Orrick Herrington & Sutcliffe LLP acted fraudulently in advising the state's financing authority to issue $77.6 million in bonds to a museum that later went bankrupt.

Judge Garland E. Burrell of the U.S. District Court for the Eastern District of California granted defendants Orrick and California Infrastructure and Economic Development Bank's motion to dismiss with prejudice the suit alleging that investors relied on a misleading prospectus before purchasing the bonds.

In dismissing...
To view the full article, register now.




Case Information

Case Title

Copia Claims v. Calif Infrastructure and Economic Dev. Bank

Case Number



California Eastern

Nature of Suit



Garland E. Burrell, Jr

Date Filed

June 10, 2009

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.