Lehman Investors Can't Move $640M Fraud Suit To State Court

Law360, New York (January 25, 2012, 3:56 PM EST) -- A federal judge on Wednesday rejected an attempt by former Lehman Brothers Holdings Inc. investors to move their $640 million fraud case against real estate and private equity affiliates of the bankrupt banking giant back to New York state court.

U.S. District Judge Barbara S. Jones denied a motion to remand by a group of Lehman investors led by Virginia resident Barbara Fried, ruling that because two of the seventeen counts in the case fall under federal jurisdiction, the whole case is properly situated in federal...
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