In Re Hennepin County 1986 Recycling Bond Litigation

Decided 1995-11-09

Cited by 127 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

OPINION STRINGER, Justice. This class action arose when defendants Hennepin County (County) and Hennepin Energy Resource Co., Limited Partnership (HERO) (collectively, defendants) triggered mandatory redemption of over $124,000,000 in revenue bonds by declining to seek renewal of a Letter of Credit backing the bonds. We granted review to determine whether plaintiff bondholders (hereinafter, bondholders) p…

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