Lehman Investors Try To Revive Minibonds Action

Law360, New York (February 4, 2010, 3:53 PM EST) -- 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...
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