Bradford Securities Processing Services, Inc. v. Plaza Bank & Trust

LAVENDER, Justice:

The U.S. Court of Appeals for the Tenth Circuit, pursuant to 20 O.S.1971, § 1601 et seq., certifies the following question:

Does a pledgee who forecloses on bonds state a cause of action against bond counsel for alleged negligence in preparing his opinion which made representations, inter alia, of payment of consideration, legality of the bond issue, and tax-exempt status of the bonds, where counsel allegedly knew that his legal opinion would appear on the bond certificates and be relied on by the purchasers of the bonds and where the opinion was also relied on by the pledgee?