City of Dubuque v. Iowa Trust

NEUMAN, Justice.

This case is before us following two preliminary rulings issued in an action to recover damages stemming from the conversion of municipalities’ funds invested in the Iowa Trust. The issues pertain to plaintiffs’ cause of action against counsel for the trust, Davis, Hockenberg, Wine, Brown, Koehn & Shors, P.C. The law firm challenges the court’s refusal to dismiss the action on standing grounds and its certification of the suit as a class action. Finding no error, we affirm and remand for further proceedings.

The Iowa Trust was established in 1990 to permit political…