Holmes Harbor Investors Test Securities Laws

Hume, Lynn
February 2006
Bond Buyer;2/21/2006, Vol. 355 Issue 32323, p1
Trade Publication
The article reports that bondholders appealing a jury's finding that Prudential Securities Inc. did not violate state securities laws by selling bonds illegally issued by an arm of Holmes Harbor Sewer District have asked the highest court to over the decision. The group also urged the court to interpret the Washington state securities law in a way that would make Prudential liable for selling bonds illegally.


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