Stinson Can't Dodge Suit Over $35M Arizona Bond Offering

Law360, New York (June 11, 2013, 2:48 PM EDT) -- An Arizona federal judge on Monday largely denied a summary judgment bid from Stinson Morrison Hecker LLP in a consolidated suit led by Allstate Life Insurance Co. and Wells Fargo Bank NA over alleged misstatements by the firm and others about a $35 million bond offering.

U.S. District Judge G. Murray Snow said that the plaintiffs in the case had demonstrated that Stinson may have negligently drafted offering documents on behalf of underwriters in the 2005 bond offering for the Prescott Valley Event Center in Prescott...
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