$7 billion series of securities class actions arising out of the largest municipal bond default in history

Oregon municipal utilities

Representation of Oregon municipal utilities in In re WPPSS Securities Litigation, MDL 551, a $7 billion series of securities class actions arising out of the largest municipal bond default in history. Case was settled on favorable terms, with no client paying more than a fraction of available insurance proceeds. Devised, briefed, and argued a defense that excised all 60 individual defendants from the case on summary judgment.