Lake v. PIPER, JAFFRAY AND HOPWOOD, INCORPORATED

This is a consolidated appeal involving two class action cases brought by the plaintiff, William K. Lake (Lake), a ratepayer of the Omaha Public Power District (OPPD), against OPPD and its financial advisor, Piper, Jaffray and Hopwood Incorporated (Piper, Jaffray). One of the suits alleged that a March 17, 1977, contract for Piper, Jaffray to act as OPPD’s financial advisor was illegal and void in violation of Neb. Rev. Stat. § 70-624.01 (Reissue 1981). The other suit alleged that OPPD violated the public meetings act, Neb. Rev. Stat. §§ 84-1408 et seq. (Reissue 1981), in appointing Piper,…