Lehman Investors Try To Revive Minibonds Action

Law360, New York (February 04, 2010, 3:53 PM ET) -- Investors in minibonds marketed by Lehman Brothers Holdings Inc. have appealed to the U.S. District Court for the Southern District of New York a bankruptcy court's dismissal of their class action, which sought to prevent the seizure of more than $1 billion in collateral currently held by HSBC Bank USA.

On Wednesday, the investors filed a brief in support of their appeal from the U.S. Bankruptcy Court for the Southern District of New York, arguing that they should be granted standing to sue HSBC, which served...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already a subscriber?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

You must correct or enter the following before you can submit this form:

Required