Court denies schools' appeal to recover losses in Lehman collapse | February 6, 2013 | Almanac | Almanac Online |


Schools - February 6, 2013

Court denies schools' appeal to recover losses in Lehman collapse

by Renee Batti

A state appeals court on Jan. 31 approved the dismissal of a lawsuit brought against San Mateo County by 12 county school districts — including the Menlo Park City, Las Lomitas, Portola Valley and Woodside districts — over the collective loss of about $20 million in investments resulting from the 2008 Lehman Brothers collapse.

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