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GRIFFIN v. CAPITAL SECURITIES OF AMERICA

No. 09CA1659.

298 P.3d 970 (2010)

Faye GRIFFIN, in her official capacity as Treasurer of Jefferson County; and Board of County Commissioners of Jefferson County, Plaintiffs-Appellees and Cross-Appellants, v. CAPITAL SECURITIES OF AMERICA, Inc.; Jerry Manning; and Adam Alves, Defendants-Appellants and Cross-Appellees.

Colorado Court of Appeals, Div. IV.

September 30, 2010.

Attorney(s) appearing for the Case

Ellen G. Wakeman , County Attorney, Patricia Gilbert , Assistant County Attorney, Eric T. Butler , Assistant County Attorney, James L. Burgess , Assistant County Attorney, Golden, Colorado, for Plaintiffs-Appellees and Cross-Appellants.

Snell & Wilmer, L.L.P., Scott C. Sandberg , Jessica E. Yates , Denver, Colorado, for Defendants-Appellants and Cross-Appellees.

John W. Suthers , Attorney General, Daniel D. Domenico , Solicitor General, Russell B. Klein , First Assistant Attorney General, Denver, Colorado, for Amicus Curiae Colorado Securities Commissioner.

Opinion by Judge WEBB.

This case involves remedies available to Jefferson County based on its purchase of unrated collateralized mortgage obligations (CMOs) from defendants, Capital Securities of America, Inc., Jerry Manning, and Adam Alves (Capital Securities). Plaintiffs, Faye Griffin in her official capacity as the Treasurer, and the Board of County Commissioners, of Jefferson County (Jefferson County), sued Capital Securities...

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