Investors Fail To Halt Lehman's $16B Archstone Sale

Law360, New York (March 4, 2013, 6:10 PM EST) -- A Colorado federal judge refused Friday to block bankrupt Lehman Brothers Holdings Inc. from closing a $16 billion sale of real estate investment trust Archstone Enterprise LP, while shareholder litigation over Archstone's 2007 go-private deal plays out.

U.S. District Judge Robert E. Blackburn denied the temporary restraining order requested by shareholders, who are also plaintiffs in a separate suit over damages relating to Lehman's 2007 deal with Tishman Speyer Development Corp. that took Archstone private. The shareholders contended that the $16 billion deal to sell Archstone...
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