The city of San Diego filed suit on Wednesday against four of the firms that aided it in drafting bond documents under investigation. The city seeks at least $100 million in damages and accuses two law firms -- one of them Orrick, Herrington & Sutcliffe -- and two auditors of negligence, breach of contract and breach of fiduciary duties in their handling of financial statements and investment disclosure documents. An Orrick partner called the city's suit frivolous and "the epitome of gall."
December 05, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The city of San Diego filed suit on Wednesday against four of the firms that aided it in drafting bond documents under investigation for the past several years. The city seeks at least $100 million in damages.
In the suit, filed in San Diego Superior Court, the city accuses two law firms and two auditors of negligence, breach of contract and breach of fiduciary duties in their handling of financial statements and investment disclosure documents.
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