Court of Appeals of Minnesota May 16, 1995, C1-94-2317 (Safeco Insurance Co. of America v. Dain Bosworth Inc.)

OPINION

RANDALL, Judge.

FACTS

The city of Minneapolis and the Minneapolis Community Development Agency each issued revenue bonds in 1983 to finance the renovation of a factory into a design center and furniture mart. The facility was named International Market Square (IMS). Dain was the co-underwriter of these bonds. The 1983 bonds went into default.