In Re Washington Public Power Supply System Securities Litigation. Henry Puchall v. Houghton, Cluck, Coughlin & Riley

U.S. Court of Appeals, Ninth Circuit · Decided 1987-07-30

Cited by 134 later decision(s) in our corpus · see the citation network in Lexace

From the opinion

CYNTHIA HOLCOMB HALL, Circuit Judge: I. Between 1977 and 1981, the Washington Public Power Supply System (WPPSS) sold bonds with a face value of $2.25 billion to finance construction of two nuclear power plants. In 1982 WPPSS ceased construction of these plants and thereafter defaulted on the bond payments. In 1983 plaintiffs-appellants, purchasers of WPPSS bonds, filed a class action, on behalf of the…

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