TITLE

Duncan-Williams Sued Over Alabama Real Estate Default

AUTHOR(S)
DeSue, Tedra
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/4/2005, Vol. 351 Issue 32042, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the investors who were involved in a $13 million bond deal sold in 2000 for a real estate development in Alabama are suing underwriting firm Duncan-Williams Inc., for selling them the now-defaulted securities. Last month, attorneys with Falls & Veach, which represents some of the bondholders, filed suit requesting class action status on their behalf in the U.S. District Court for the Western District of Tennessee. However, Allan Wade, an attorney who represents Duncan-Williams, said a motion to dismiss the lawsuit will be filed because the suit is without merit.
ACCESSION #
15548117

 

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