United States Ninth Circuit

The standard of care for an underwriter of municipal offerings is that of reasonable prudence, for which the industry standard is one factor but not the determinative one.

Appellate Information

• Argued 02/09/2001
• Decided 06/26/2001
• Published 06/26/2001

Judges

• DAVID R. THOMPSON, Circuit Judge:, Before:  PREGERSON, CANBY, and THOMPSON, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• John W. Avery, Securities and Exchange Commission, Washington, DC, for the plaintiff-appellant.


• For Appellees:
  
• Charles Rice, Shartsis Friese & Ginsburg, San Francisco, California, for the defendant-appellee., Nicholas P. Coleman, Wilmer, Cutler & Pickering, Washington, DC, for amici in support of the defendant-appellee.