A ray of hope in effort to recover Lehman Brothers losses in county | October 31, 2012 | Almanac | Almanac Online |


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Almanac

News - October 31, 2012

A ray of hope in effort to recover Lehman Brothers losses in county

• Local schools stand to benefit if county's lawsuit is successful.

by Dave Boyce

In an encouraging development for local school districts hopeful of recouping heavy losses to their investments in the 2008 collapse of Lehman Brothers investment bank, a federal judge in New York has ruled that there are partial grounds to proceed with a lawsuit in which San Mateo County is a plaintiff.

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