TITLE

Trial Set for Swap Case Pitting Firms Against California Water District

AUTHOR(S)
Hume, Lynn
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/9/2006, Vol. 356 Issue 32399, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a judge in Ventura County Superior Court in California has scheduled a jury trial to be held in October or November 2006 to hear the West Basin Municipal Water District's suit against derivatives services provider Rice Financial Products Co., the financial advisory firm of P.G. Corbin $#x0026; Co., and others over an interest rate swap transaction case. Judge Steven E. Hintz would preside over the trial. The district has charged that Rice and P.G. Corbin wrongly told it that an interest rate swap it entered into in October 2001 was a fair market value transaction.
ACCESSION #
21175799

 

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