The Daily Journal has recognized Keesal, Young & Logan (“KYL”) in its 2019 “Top Verdicts” list for the firm’s role in a qui tam California False Claims Act case. This annual series highlights the most impactful verdicts in California courts for the entire year.
In the featured case, KYL and Paul Weiss defended their client against allegations of fraud in municipal bond underwriting. The plaintiffs, who filed identical cases in other states, alleged that the defendants—banks providing underwriting services—had fraudulently underpriced hundreds of municipal bond offerings for over a decade. On March 26, 2019, Judge Mary E. Wiss of the San Francisco Superior Court dismissed all claims against KYL’s client and the other defendants with prejudice.