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Judge dismisses suit over Lehman losses

Original post made on Nov 13, 2011

A San Francisco judge has dismissed a lawsuit brought by 12 San Mateo County school districts against the county seeking to recover about $20 million in losses due to the 2008 collapse of Lehman Brothers. Local districts lost about $4.6 million.


Read the full story here Web Link posted Sunday, November 13, 2011, 9:04 AM

Comments (5)

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Posted by 1 percent
a resident of Atherton: other
on Nov 13, 2011 at 9:08 am

One percenters win again!


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Posted by Jack Hickey
a resident of Woodside: Emerald Hills
on Nov 14, 2011 at 4:10 pm

The taxpayers are paying for this frivilous litigation. As of june 30, 2011 the County spent $615,492.70 for outside legal help to fend off the lawsuit by school districts. How much of the taxpayer's dollars did the districts spend?


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Posted by Michael G. Stogner
a resident of another community
on Nov 14, 2011 at 5:50 pm

Who were the law firms hired by the County?


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Posted by Jack Hickey
a resident of Woodside: Emerald Hills
on Nov 14, 2011 at 9:53 pm

S.F. based Keker and Van Nest.


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Posted by R.Gordon
a resident of another community
on Nov 15, 2011 at 5:41 am

Somehow, the figures do not add up.
This is frivolous and silly.


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