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LAKE v. PIPER, JAFFRAY AND HOPWOOD, INCORPORATED

No. 82-041.

324 N.W.2d 660 (1982)

212 Neb. 570

William K. LAKE, Appellant, v. PIPER, JAFFRAY AND HOPWOOD INCORPORATED et al., Appellees.

Supreme Court of Nebraska.

September 17, 1982.

Attorney(s) appearing for the Case

Frank Matthews of Matthews, Cannon & Riedmann, P. C., Omaha, for appellant.

James P. Fitzgerald of McGrath, North, O'Malley & Kratz, P. C., Omaha, for appellee Omaha P. P. Dist.

Michael A. Nelsen of Schmid, Ford, Mooney & Frederick, Omaha, and Gordon G. Busdicker of Faegre & Benson, Minneapolis, Minn., for appellee Piper, Jaffray & Hopwood Inc.

Submitted without oral argument.

KRIVOSHA, C. J., and BOSLAUGH, McCOWN, CLINTON, WHITE, and HASTINGS, JJ.

PER CURIAM.

This is a consolidated appeal involving two class action cases brought by the plaintiff, William K. Lake (Lake), a ratepayer of the Omaha Public Power District (OPPD), against OPPD and its financial advisor, Piper, Jaffray and Hopwood Incorporated (Piper, Jaffray). One of the suits alleged that a March 17, 1977, contract for Piper, Jaffray to act as OPPD's financial advisor was illegal and void in violation of Neb.Rev.Stat. § 70-624.01 (Reissue 1981...

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