Lehman Investors Want $640M Fraud Suit Back In State Court

Law360, New York (April 8, 2013, 7:48 PM EDT) -- The group of investors pursuing a $640 million securities fraud case against Lehman Brothers Holdings Inc. are pushing for the action to be moved back to New York state court because, they argued Sunday, the case is not related to the historic 2008 bankruptcy and not subject to federal jurisdiction.

The litigation, which has a tangled and complex history, was filed in the Supreme Court for the State of New York in 2011, but was sent to the U.S. District Court for the Southern District of...
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