Litigation
Jun. 21, 2011
Investment Suit Against San Mateo Dismissed
Judge dismisses suit against San Mateo County over Lehman Brothers investments.
By Amy Yarbrough
Daily Journal Staff Writer
A judge has dismissed a $20 million lawsuit brought by school districts who claimed San Mateo County invested too heavily in Lehman Brothers, which declared bankruptcy in 2008. On Friday, San Francisco County Superior Court Judge Richard A. Kramer found the school districts' suit had not been brought in a timely manner and that it failed to sufficiently make a breach of contract claim. The plaintiffs will have until July 18 to a...
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