Dorsey & Whitney Must Face School Bonds Suit, 6th Circ. Rules

Law360, Los Angeles (April 3, 2013, 3:50 PM EDT) -- The Sixth Circuit on Tuesday reversed a decision in favor of law firm Dorsey & Whitney LLP in a suit accusing it of making numerous misrepresentations in issuing about $7 million in municipal revenue bonds for the purchasers of a school building, saying the plaintiffs made plausible claims for relief.

The three-judge panel reversed U.S. District Judge Stephen J. Murphy III's January 2011 ruling that granted the firm summary judgment on claims of negligent misrepresentation, rejecting the judge's finding that the plaintiffs had failed to raise...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.