Top Banks Look To Take Raser's Short-Selling Suit Federal

Law360, New York (May 25, 2012, 6:49 PM EDT) -- A group of major investment banks — including Morgan Stanley & Co. LLC and Goldman Sachs & Co. LP — are seeking to duke it out with Raser Technologies Inc. in Georgia federal court over allegations that naked short selling led to the energy company's stint in bankruptcy.

The banks are looking to remove the suit to federal court, a month after Raser, along with a number of its former investors, filed suit in Superior Court of Fulton County in Georgia over the groups' alleged stock...
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