City Of Atascadero V. Merrill Lynch Book Reviews
City Of Atascadero V. Merrill Lynch by California Court of Appeals Book Summary
This appeal arises from the wreckage of the Orange County bankruptcy. Appellants are 14 California cities and local agencies *fn1 who deposited funds with the Orange County (the County) Treasurer for investment in the County Investment Pools (the Pool), a statutory investment trust. *fn2 After the Pool collapsed in December 1994 and the County declared bankruptcy, most Pool participants elected to settle with the County by releasing their claims against the County and assigning to the County any claims they had against third parties in exchange for a contingent, contractual right to participate in any recovery the County might obtain from its various lawsuits against third parties. Appellants opted not to waive or release their rights to proceed directly on claims against the County and third parties. They then proceeded to bring suit against Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch), and other entities and individuals associated with Merrill Lynch. *fn3
Book Name | City Of Atascadero V. Merrill Lynch |
Genre | Law |
Author | California Court of Appeals |
Published | 07 December 1998, Monday |
Language | English |
E-Book Size | 94.81 KB |
City Of Atascadero V. Merrill Lynch (California Court of Appeals) Book Reviews 2024
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Summary of City Of Atascadero V. Merrill Lynch by California Court of Appeals
The City Of Atascadero V. Merrill Lynch book written by California Court of Appeals was published on 07 December 1998, Monday in the Law category. A total of 20 readers of the book gave the book 0 points out of 5.
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