The Virginia Supreme Court has reinstated Fluvanna County, Va.’s lawsuit against Davenport & Co. LLC, which seeks damages for state and federal security law violations the county claims the firm committed while serving as its financial advisor.

The seven-member court ruled unanimously on April 18 that the Circuit Court of Fluvanna County was wrong to side with Davenport, which argued the Commonwealth’s constitutional separation of powers prevented the circuit court from ruling based on the motives of a legislative body like the county’s board of supervisors.

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