$60M Barclays Fraud Case Moves To Federal Court

Law360, New York (February 15, 2008, 12:00 AM EST) -- A battle between a major private equity fund and one of the world's largest investment banks over an alleged $60 million fraud will be decided by a federal court, now that the bank has successfully petitioned for transfer from a Texas state court.

Barclays PLC asked that the case filed against the bank by Lone Star Funds Inc. be heard in the U.S. District Court for the Northern District of Texas, a request that the court granted in a ruling on Feb. 13.

Lone Star originally...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.