Legal Opinion

City of Atascadero v. Merill Lynch, Pierce, Fenner & Smith, Inc.

California Court of Appeal

Decided January 6, 1999No. A078340PublishedCited by 144 opinions

1Opinion of the Court

Opinion

McGUINESS, J.

This appeal arises from the wreckage of the Orange County bankruptcy. Appellants are 14 California cities and local agencies 1 who deposited funds with the Orange County (the County) Treasurer for investment.in the County Investment Pools (the Pool), a statutory investment trust. 2 After the Pool collapsed in December 1994 and the County declared bankruptcy, most Pool participants elected to settle with the County by releasing their claims against the County and assigning to the County any claims they had against third parties in exchange for a contingent, contractual…

2Cases cited57 opinions

  1. Blank v. KirwanCalifornia Supreme Court · 1985
  2. Bank of the West v. Superior CourtCalifornia Supreme Court · 1992
  3. Parsons v. Bristol Development Co.California Supreme Court · 1965
  4. Serrano v. PriestCalifornia Supreme Court · 1971
  5. Applied Equipment Corp. v. Litton Saudi Arabia Ltd.California Supreme Court · 1994

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3Cited by144 opinions

  1. People v. DoolinCalifornia Supreme Court · 2009
  2. Neilson v. Union Bank of California, N.A.District Court, C.D. California · 2003
  3. Founding Members of Newport Beach Country Club v. Newport Beach Country Club, Inc.California Court of Appeal · 2003
  4. Kinsman v. Unocal Corp.California Supreme Court · 2005
  5. McKell v. Washington Mutual, Inc.California Court of Appeal · 2006

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