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BRADFORD SECURITIES v. PLAZA BANK AND TRUST

No. 57274.

653 P.2d 188 (1982)

BRADFORD SECURITIES PROCESSING SERVICES, INC., Plaintiff-Appellant, v. PLAZA BANK AND TRUST, et al., Defendants, and Fred W. Rausch, Jr., Defendant-Appellee.

Supreme Court of Oklahoma.

As Corrected July 27, 1982.

Rehearing Denied November 1, 1982.

Attorney(s) appearing for the Case

LeBoeuf, Lamb, Leiby & MacRae, New York City, Linn, Helms, Kirk & Burkett, Oklahoma City, for plaintiff-appellant; Eric H. Moss, New York City, of counsel.

James W. Shepherd, Don G. Holladay, Andrews, Davis, Legg, Bixler, Milsten & Murrah, Inc., Oklahoma City, for defendant-appellee.

LAVENDER, Justice:

The U.S. Court of Appeals for the Tenth Circuit, pursuant to 20 O.S. 1971, § 1601 et seq., certifies the following question:

Does a pledgee who forecloses on bonds state a cause of action agains't bond counsel for alleged negligence in preparing his opinion which made representations, inter alia, of payment of consideration, legality of the bond issue, and tax-exempt status of the bonds...

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