United States Seventh Circuit

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Am. Bank v. City of Menasha, 10-1963

In a class action suit against a city claiming that it had violated federal securities law by failing to disclose to prospective buyers of bonds material information about a project to convert an electric plant owned by the city to a steam-generating plant, district court's grant of the city's request for a stay of a state court's order commanding the city to comply with plaintiff's request to inspect records relating to the conversion project is reversed as inspecting public records pursuant to a state statute is not discovery within the meaning of the stay provision, and thus a stay of such inspection is an injunction against enforcement of a state law and appealable as such.

Appellate Information

  • Argued 10/26/2010
  • Decided 11/29/2010
  • Published 11/29/2010

Judges

  • <a href="http://pview.findlaw.com/view/2581437_1">POSNER</a>

Court

  • United States Seventh Circuit

Counsel