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IDT Seeks Remand Of $300M Fraud Case

Law360 (July 5, 2007, 12:00 AM EDT) -- IDT Corp. fought to move its fraud case against several financial companies back to a New York state court, claiming a bankruptcy court does not have jurisdiction over willful misconduct charges under the phone company's $42.5 million purchase agreement for Winstar Communications.

IDT on Sunday filed a motion to move the case back to the Supreme Court for the County of New York, where it originally filed the case in May.

IDT claimed it lost more than $300 million in its purchase of Winstar and is...
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