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Tishman Speyer Wins Toss Of REIT Class Action

Law360 (August 5, 2010, 1:39 PM EDT) -- A federal judge has dismissed a class action brought by investors in a real estate trust who claimed they improperly suffered losses when the trust was purchased by a partnership between Tishman Speyer Development Corp. and Lehman Brothers Inc. and merged into a new entity in 2007.

Judge Wiley Y. Daniel of the U.S. District Court for the District of Colorado issued the ruling Tuesday, saying two of the named plaintiffs were barred from bringing the suit and the third plaintiff failed to plead his case....
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