Nuveen Municipal High Income Opportunity Fund v. City of Alameda

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that “other contributing forces [to the investment’s decline in value] will not bar recovery” so long as the misrepresentation was at least a “substantial cause” of the loss
• noting that Rule 52(a)(1) governs bench trials and Rule 52(a)(3) governs motions
• noting that Rule 52(a)(1) governs bench trials and Rule 52(a)(3) governs motions
• equating loss causation under sections 25400 and 25500 with loss causation under Rule 10b-5
• refusing to apply a lower loss causation standard in an illiquid, inefficient market
• “The commentary to [Section 815] accordingly explains that ‘the immunity provisions will as a general rule prevail over all sections imposing liability.*”

Source: CourtListener parenthetical corpus (CC0).