{"id":4613,"date":"2008-05-27T13:52:19","date_gmt":"2008-05-27T13:52:19","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/05\/piper_jaffray_accused_of_givin"},"modified":"2022-03-29T09:11:44","modified_gmt":"2022-03-29T14:11:44","slug":"piper-jaffray-accused-of-givin","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/piper-jaffray-accused-of-givin\/","title":{"rendered":"Piper Jaffray Accused of Giving Faulty Advice in Two Bond Offerings"},"content":{"rendered":"

\t\t\t\tEarlier this month, the U.S. Court of Appeals for the Eighth Circuit refused to hear an interloculatory appeal regarding attorney-client privilege related to the lawsuit accusing Piper Jaffray & Co of giving faulty advice in two bond offerings. The lawsuit names Union County, Iowa as the petitioner.<\/p>\n

The case involves a soybean crushing plant in Union County. CF Processing, owned by Crestland Cooperative, was supposed to construct the plant. Union County says that Piper Jaffray gave the county advice regarding the issuance of two general capital loan notes-bond offerings worth $5.865 million-related to the construction project.<\/p>\n

The mill was going to be assessed for property tax purposes. CF Processing agreed to pay any shortfall so the county could make its necessary debt service payments if the tax revenue generated from the assessment did not cover them. Crestland also gave its guarantee regarding CF Processing’s performance. The two companies, however, defaulted on all their obligations when they filed for bankruptcy in 2001. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Earlier this month, the U.S. Court of Appeals for the Eighth Circuit refused to hear an interloculatory appeal regarding attorney-client privilege related to the lawsuit accusing Piper Jaffray & Co of giving faulty advice in two bond offerings. The lawsuit names Union County, Iowa as the petitioner. The case involves a soybean crushing plant in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752],"tags":[],"class_list":["post-4613","post","type-post","status-publish","format-standard","hentry","category-financial-firms"],"yoast_head":"\nPiper Jaffray Accused of Giving Faulty Advice in Two Bond Offerings — Investor Lawyers Blog — May 27, 2008<\/title>\n<meta name=\"description\" content=\"Earlier this month, the U.S. Court of Appeals for the Eighth Circuit refused to hear an interloculatory appeal regarding attorney-client privilege related — May 27, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/piper-jaffray-accused-of-givin\/\" \/>\n<meta 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