LOS ANGELES -- The bond lawyer serving as an expert witness for the government in the Whitewater Garden and Ironwood trial testified Wednesday that he believed the bond issuer did not establish reasonable expectations in its no-arbitrage certificates.

After hearing all of the evidence presented in the eight-day trial, Neil Arkuss, a partner in the Boston law firm of Palmer & Dodge, said he stood by his written conclusion submitted in April. In his report, Arkuss wrote that "the issuer's conduct was such that its no-arbitrage certifications were not reasonable."

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