Pulsar Re Ltd v. Lehman Brothers Holding, Inc. Case No. 08-13555
Pulsar Re has filed a $450 Million suit against Lehman Brothers alleging the former investment company looted money it held for Pulsar in an effort to improve its books. The Adversary Suit filed in the U.S. Bankruptcy Court for the Southern District of New York seeks an order placing the $450 Million placed into a trust contending that the money is not part of the bankruptcy estate.
According to the complaint, Pulsar and Lehman …
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