Legal Opinion
Safeco Insurance Co. of America v. Dain Bosworth Inc.
Court of Appeals of Minnesota
Decided May 16, 1995No. C1-94-2317PublishedCited by 39 opinions
1Opinion of the Court
OPINION
RANDALL, Judge.
FACTS
The city of Minneapolis and the Minneapolis Community Development Agency each issued revenue bonds in 1983 to finance the renovation of a factory into a design center and furniture mart. The facility was named International Market Square (IMS). Dain was the co-underwriter of these bonds. The 1983 bonds went into default.
The IMS Developers wanted to refinance these bonds. The IMS Developers and Dain sought to issue “refunding” bonds that would be insured by a third party, called a credit enhancer. Dain solicited potential credit enhancers by sending background…
2Cases cited20 opinions
- Moorman Manufacturing Co. v. National Tank Co.Illinois Supreme Court · 1982
- State Ex Rel. Cooper v. FrenchSupreme Court of Minnesota · 1990
- Fabio v. BellomoSupreme Court of Minnesota · 1993
- Florenzano v. OlsonSupreme Court of Minnesota · 1986
- Onita Pacific Corp. v. Trustees of BronsonOregon Supreme Court · 1992
15 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Valspar Refinish, Inc. v. Gaylord's, Inc.Supreme Court of Minnesota · 2009
- Damon v. GroteboerDistrict Court, D. Minnesota · 2013
- In Re US Office Products Co. Securities Lit.District Court, District of Columbia · 2003
- Stephenson v. Deutsche Bank AGDistrict Court, D. Minnesota · 2003
- C & M Builders, LLC v. StrubCourt of Appeals of Maryland · 2011
34 more not listed; retrieve them via the Exa API.