Gold Mining Co. Seeks Move Of $3.7M Fee Row With Jefferies

By Jon Hill (July 20, 2017, 6:57 PM EDT) -- A Canadian gold mining company asked a New York federal court on Wednesday to hear a breach-of-contract suit brought against it in that state's trial court by investment bank Jefferies LLC over a $175 million debt refinancing that the company announced days after severing its relationship with the bank.

Banro Corp., which operates two gold mines in the Democratic Republic of the Congo, said the district court has original jurisdiction over the action because it is between parties from different states and because the New York-headquartered Jefferies is seeking more than $3.7 million in monetary damages in the suit, which was...

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