WASHINGTON —  A Fluvanna County, Va., circuit court judge on Thursday dismissed the lawsuit the county’s Board of Supervisors had filed against their former financial advisor, Davenport & Co., after agreeing with the firm that the court could not decide the case under the state constitution’s separation of powers doctrine.

The board had filed a seven-count suit against Davenport last September, claiming the firm misled it and pushed it to finance a new high school through $67.5 million of bonds issued in December 2008 at high interest rates, instead of participating in a less costly pool deal that had closed three weeks earlier.

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