JPMorgan Cites Anna Nicole In Bid To Move Lehman Suit

Law360, New York (September 27, 2011, 2:07 PM EDT) -- JPMorgan Chase Bank NA said Monday that the U.S. Supreme Court's ruling in the Anna Nicole Smith case means a district court, not a bankruptcy court, should hear accusations that it bilked Lehman Brothers Holdings Inc. out of $8.6 billion in the days before the firm's 2008 collapse.

The bank asked a federal judge to take over the case, arguing that the 2010 Supreme Court ruling in Smith's fight for her late husband's assets meant that only an Article III court — a court within the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.