September 03, 2014
An Arizona federal judge on Tuesday signed off on a $2.75 million settlement resolving claims brought by underwriters and a bevy of individual bondholders in their suit over losses from a $35 million bond offering for an entertainment arena.
June 24, 2013
An Arizona federal judge on Friday ruled that a shareholder in an arena project must face securities fraud claims lodged by Allstate Life Insurance Co. and Wells Fargo Bank NA over losses from a $35 million bond offering, tossing out the shareholder's bid for an interlocutory appeal.
June 11, 2013
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.
March 01, 2013
A Canadian entrepreneur scored a partial victory Friday as an Arizona federal judge sliced half the claims from a consolidated suit led by Allstate Life Insurance Co. and Wells Fargo Bank NA over losses from a $35 million bond offering to finance a 5,000-seat arena.
October 11, 2012
An Arizona town on Thursday lost its bid to nix two claims from a consolidated suit led by Allstate Life Insurance Co. and Wells Fargo Bank NA, who accuse the town of negligently issuing $35 million in bonds to finance a 5,000-seat arena, but managed to limit the number of eligible bondholders.
December 02, 2011
A federal judge refused Friday to certify a class of individual investors who are part of a consolidated suit with Allstate Life Insurance Co. and Wells Fargo Bank NA over losses suffered on $35 million in bonds issued by Prescott Valley, Ariz., to finance a 5,000-seat arena.
November 18, 2011
A federal judge ruled Friday that Wells Fargo Bank NA does not owe a contribution to an Arizona town in a class action over losses suffered on $35 million in bonds, but he refused to nix a common-law indemnification counterclaim.
November 02, 2011
A federal judge ruled Tuesday that Allstate Life Insurance Co. does not owe a contribution to an Arizona town for losses the insurer and a putative class suffered on $35 million worth of bonds, but left Allstate on the hook for the town's contractual interference counterclaim.
October 21, 2011
An Arizona federal judge on Friday refused to toss claims by Allstate Life Insurance Co. and a putative investor class accusing Robert W. Baird & Co. and others of making key omissions in peddling $35 million of bonds for an events center.