KENOSHA UNIFIED SCHOOL DIST. v. STIFEL NICOLAUS & CO.

Case Nos. 08-C-931, 08-C-932.

607 F.Supp.2d 967 (2009)

KENOSHA UNIFIED SCHOOL DISTRICT, Kimberly Area School District, School District of Waukesha, West-Allis-West Milwaukee School District, Whitefish Bay School District, Joseph Mangi, Gary M. Kvasnica, Jason P. Demerath, Kurt Wachholz and Shawn M. Yde, Plaintiffs, v. STIFEL NICOLAUS & COMPANY INC., Stifel Financial Corporation, James M. Zemlyak, Royal Bank of Canada Europe, Ltd., RBC Capital Markets Corporation, and RBC Capital Markets Holdings (USA), Inc., Defendants.

United States District Court, E.D. Wisconsin.

April 10, 2009.


Attorney(s) appearing for the Case

Christopher J. Krawczyk, Stephen E. Kravit, Kravit Hovel & Krawczyk SC, Milwaukee, WI, Robert A. Kantas, Shephard Smith Edwards & Kantas LLP, Houston, TX, for Plaintiffs.

Brian G. Cahill, David J. Turek, Paul F. Heaton, Daniel J. Kennedy, Gass Weber Mullins LLC, Maria Delpizzo Sanders, Terry E. Johnson, Peterson Johnson & Murray SC, Milwaukee, WI, Jeffrey J. Kalinowski, Richard H. Kuhlman, Husch Blackwell Sanders LLP, St. Louis, MO, Andreas A. Frischknecht, Mark A. Kirsch, Clifford Chance U.S. LLP, New York, NY, Stephen M. Nickelsburg, Clifford Chance U.S. LLP, Washington, DC, for Defendants.


DECISION AND ORDER

RUDOLPH T. RANDA, Chief Judge.

Plaintiffs, a group of local school districts and school officials, sued the defendants, a group of investment banking firms as well as the CFO of one of those firms— James Zemlyak. Plaintiffs seek to recover losses allegedly caused by their investment of "$200 million into three Synthetic CDOs created and marketed by the defendants as a safe and secure method of funding plaintiffs' ever-increasing...

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