Judge Keeps U.S. Trust in Suit; Stage Set for Appeals Hearing

Hume, Lynn
July 2003
Bond Buyer;7/23/2003, Vol. 345 Issue 31683, p1
Trade Publication
Reports that Washington State judge Alan R. Hancock has refused to dismiss U.S. Trust Co. from an investor lawsuit over a bond issue involving the Holmes Harbor Sewer District before a jury trial is held. Possibility of review of the case that U.S. Trust claims could have adverse ramifications for all trustees in municipal bond offerings by a state appeals court; Request by the U.S. Trust to the state Court of Appeals in Seattle, Washington State, to overturn the ruling; Comments of David Hoff, a lawyer who is representing U.S. Trust in the suit, on Hancock's ruling.


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