TMST Trustee's $2B Suit Belongs In Bankruptcy Court: Judge

Law360, New York (July 23, 2012, 11:07 PM EDT) -- A Maryland federal judge rejected a Monday bid by Credit Suisse International, UBS AG and others to move from bankruptcy court an adversary suit the trustee for real estate investment trust TMST Inc. filed to recover $2 billion in allegedly improper coercive agreements he claimed unraveled the lender.

U.S. District Judge Benson Everett Legg said at least 28 of the 31 counts leveled against them by trustee Joel I. Sher of Shapiro Sher Guinot & Sandler are under the core purview of the bankruptcy court, and...
To view the full article, register now.