CHICAGO -- A lawsuit filed by a Michigan school district against its bond counsel for a 1991 deal charges the law firm with three counts of malpractice, including a conflict of interest charge for representing both the district and the issue's underwriter.

If the Pontiac School District prevails in its charge against Miller, Canfield, Paddock and Stone, bond attorneys in the state said a precedent could be set for guiding the conduct of law firms in bond deals.

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