Spirit Partners, LP v. Stoel Rives LLP

This appeal arises from plaintiffs purchase of warrants in audiohighway.com (“Audiohighway”), a company that has declared bankruptcy. Plaintiff sued defendant, a law firm that represented the managing underwriter of Audio-highway’s initial public offering, for fraud, negligent misrepresentation, and breach of fiduciary duties. Applying Oregon law, the trial court granted summary judgment to defendant on statute of limitations grounds. Plaintiff appeals, contending that the trial court erred in applying Oregon law rather than California law or, as to one claim, New York law; plaintiff also…