Dutch Co.'s $90M Fraud Suit Against State Street Nixed

Law360, New York (November 11, 2009, 7:13 PM EST) -- A federal judge has dismissed a Dutch pension fund's suit accusing State Street Bank & Trust Co. of breaching a contract related to an investment the bank allegedly delegated to Lehman Brothers Holdings Inc., ruling that the claims belong in the Netherlands.

Judge Nathaniel M. Gorton of the U.S. District Court for the District of Massachusetts on Tuesday dismissed the suit filed by Stichting Pensioenfonds OPG in connection to its 2007 investment in the Global Alpha Edge Common Trust Fund.

OPG said State Street delegated control...
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