U.S. SEC Close to Forming Group to Scrutinize the Bond Market.
MSRB Holds Quarterly Board Meeting October 2017
1001 Ogden Avenue Partners v. Henry – Appeals court holds that improving, maintaining, equipping, altering, and repairing school buildings qualify as “corporate purposes” for which boards of education may issue working-cash-fund bonds without direct referendum.
Robert W. Baird & Co. Incorporated v. Whitten – In Underwriters’ legal malpractice action against Bond Counsel resulting from suit brought against Underwriters by Bondholders, Court of Appeals holds that Bond Counsel was entitled to Bond Litigation Counsel’s billing records in connection with Bond Counsel’s affirmative defense, but that the privilege had not been waived as to other communication between Underwriters and their Bond Litigation Counsel.
And finally, Come on Lady, Give Me a Break, is brought to us this week by Savinon v. New York City Transit Authority, in which a city bus driver neglected to open the rear door of his bus, possibly because he was FENDING OFF A BRUTAL ASSAULT. His courageous efforts were rewarded by a false imprisonment lawsuit by a woman who claimed to have suffered a panic attack. False imprisonment? Panic attack? I’ll see your panic attack and raise you an actual violent physical attack. That gonna work for you?

Bond Case Briefs