Washington Public Power Supply System Securities Litigation
Our group served as liaison counsel for all West Coast defendants in the Washington Public Power Supply System Securities Litigation. The case involved the largest municipal bond default in US history – over $7 billion in principal and interest. We represented cities and public utility districts, and their council members and commissioners, in multiple proceedings before various state and federal courts, the Unites State Court of Federal Claims and the Unites States Supreme Court. Hundreds of defendants, represented by scores of lawyers, were sued in multiple class action lawsuits involving tens of millions of pages of documents, hundreds of depositions all around the country and thousands of pages of deposition and trial testimony. This highly complex litigation culminated after a number of months of trial, in settlements favorable to our clients that our group was a principal architect in negotiating.
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