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OCM PRINCIPAL OPPORTUNITIES FUND v. CIBC WORLD MARKETS CORP.

No. B172588.

68 Cal.Rptr.3d 828 (2007)

157 Cal.App.4th 835

OCM PRINCIPAL OPPORTUNITIES FUND et al., Plaintiffs and Appellants, v. CIBC WORLD MARKETS CORP., Defendant and Appellant; TCW Shared Opportunity Fund II et al., Plaintiffs and Appellants, v. CIBC World Markets Corp., Defendant and Appellant.

Court of Appeal of California, Second District, Division Four.

December 5, 2007.

Attorney(s) appearing for the Case

Mayer, Brown, Rowe & Maw, Donald M. Falk, Neil M. Soltman and Fredrick S. Levin, Los Angeles, for Defendant and Appellant.

Hennigan, Bennett & Dorman, J. Michael Hennigan, Robert L. Palmer, William B. Stoner, James P. Habel, Michael Swartz, Jeffrey S. Koenig and Allison K. Chock, Los Angeles; Greines, Martin, Stein & Richland, Irving H. Greines and Marc J. Poster, Los Angeles, for Plaintiffs and Appellants.

MANELLA, J.

Several investment funds initiated actions against CIBC World Markets Corp. (CIBC), alleging misrepresentation and fraud in connection with the issuance and sale of promissory notes. After a jury returned a verdict in favor of the investment funds, the trial court denied prejudgment interest to three of the funds, namely, OCM Principal Opportunities Fund, L.P. (OCM); together with Pacholder Value Opportunity Fund, L.P., and Pacholder Heron Limited Partnership...

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