A Jordanian criminal court says it has postponed a verdict in the case of a powerful former intelligence chief on trial for alleged embezzlement of public funds, money laundering and abuse of office.
Presiding judge Nashaat Akhras told Mohammed al-Dahabi in court Sunday that his verdict will be pronounced Nov. 11, without giving a reason.
Al-Dahabi ran the General Intelligence Department between 2005 and 2008.
He faces up to 15 years in jail if convicted.
He was arrested in February, when inspectors from the Central Bank of Jordan suspected transactions worth millions of dollars had gone through his bank account.
The rare case against such a high profile official is meant to show Jordan's seriousness in efforts to tackle graft and corruption — a demand voiced in recent street protests.
Thursday, November 8, 2012
Wednesday, October 17, 2012
Jersey City Professional Negligence Lawyer
Professionals in various fields are required to uphold specific standards of care to their clients. Professional negligence or malpractice may occur when a professional fails to meet the standard of care that is specified for their profession. Negligence or malpractice may be subtle and does not have to result in injury but many times results in emotional and mental damage. Do not let a professional treat you less than you deserve. If you believe that you have been the victim of professional negligence or malpractice, it is imperative that you contact a professional negligence lawyer without delay as you may have a cause of action. A professional negligence lawyer can analyze your case, explain your rights, and seek the compensation that you deserve.
The Reinartz Law Firm represents individuals and businesses in a variety of professional negligence cases involving:
Architects
Accountants
Stock brokers
Financial advisors
Lawyers
Doctors
Pharmacists
Insurance agents
Psychologists
Social workers
Physical therapists
Occupational therapists
Dentists
Home inspectors
The law limits the time in which you may bring a claim for professional negligence. Your case is important to us; you will never be just a number at our firm. We are committed to providing you with the compassionate and effective legal representation you will need to recover the compensation you deserve. Call today to discuss your case with an experienced Jersey City professional negligence and malpractice lawyer. Visit us for more information: http://www.reinartzlaw.com/practice-areas/professional-negligence
The Reinartz Law Firm represents individuals and businesses in a variety of professional negligence cases involving:
Architects
Accountants
Stock brokers
Financial advisors
Lawyers
Doctors
Pharmacists
Insurance agents
Psychologists
Social workers
Physical therapists
Occupational therapists
Dentists
Home inspectors
The law limits the time in which you may bring a claim for professional negligence. Your case is important to us; you will never be just a number at our firm. We are committed to providing you with the compassionate and effective legal representation you will need to recover the compensation you deserve. Call today to discuss your case with an experienced Jersey City professional negligence and malpractice lawyer. Visit us for more information: http://www.reinartzlaw.com/practice-areas/professional-negligence
Monday, August 6, 2012
New DC drunken driving law to take effect
A new law that toughens penalties for drunken driving in the nation's capital takes effect Wednesday, but the city's police department still is not using breath tests on suspected drunken drivers more than a year after the tests were suspended.
The new law, which was approved by the D.C. Council and signed by Mayor Vincent Gray earlier this summer. It doubles mandatory minimum jail terms for people with blood-alcohol concentrations of .20 percent or higher and establishes a blood-alcohol limit of .04 percent for commercial drivers, including taxi drivers.
The law also establishes new oversight for the district's breath-testing program. But there's still no timetable to the resumption of breath tests, which D.C. police stopped using in February 2011 in the wake of revelations that their breath-testing devices had produced inaccurate results. Police have been using urine and blood tests instead.
A year earlier, District of Columbia officials had notified defense lawyers about nearly 400 drunken-driving convictions that relied, at least party, on inaccurately calibrated blood-alcohol tests.
More than two dozen people sued the district over convictions based on those flawed tests, and the district Attorney General's office said Tuesday that all the outstanding lawsuits had been settled. The district paid a total of $136,000 to 17 plaintiffs, with individuals receiving between $2,000 and $42,000, said Jeffrey Rhodes, a lawyer for the plaintiffs.
The new law, which was approved by the D.C. Council and signed by Mayor Vincent Gray earlier this summer. It doubles mandatory minimum jail terms for people with blood-alcohol concentrations of .20 percent or higher and establishes a blood-alcohol limit of .04 percent for commercial drivers, including taxi drivers.
The law also establishes new oversight for the district's breath-testing program. But there's still no timetable to the resumption of breath tests, which D.C. police stopped using in February 2011 in the wake of revelations that their breath-testing devices had produced inaccurate results. Police have been using urine and blood tests instead.
A year earlier, District of Columbia officials had notified defense lawyers about nearly 400 drunken-driving convictions that relied, at least party, on inaccurately calibrated blood-alcohol tests.
More than two dozen people sued the district over convictions based on those flawed tests, and the district Attorney General's office said Tuesday that all the outstanding lawsuits had been settled. The district paid a total of $136,000 to 17 plaintiffs, with individuals receiving between $2,000 and $42,000, said Jeffrey Rhodes, a lawyer for the plaintiffs.
Friday, June 15, 2012
Las Vegas Personal Injury Attorneys - Maier Gutierrez Ayon, PLLC
If you or a family member has been in an accident, we can help. If one of your employees was involved in an accident and your company is facing a lawsuit, we can help.
We have a track record of successfully litigating personal injury and product liability cases for our clients. We have significant experience with these types of cases, ranging from quick, favorable resolutions to taking cases all the way through trial and appeal.
Maier Gutierrez Ayon PLLC concentrates on personal injury and wrongful death. The group combines experience and sophistication in liability litigation law and can handle all aspects for their clients. Their significant experience with these type of cases range from quick, favorable resolutions to taking cases all the way through trial and appeal. Visit www.mgalaw.com for more information.
We have a track record of successfully litigating personal injury and product liability cases for our clients. We have significant experience with these types of cases, ranging from quick, favorable resolutions to taking cases all the way through trial and appeal.
Maier Gutierrez Ayon PLLC concentrates on personal injury and wrongful death. The group combines experience and sophistication in liability litigation law and can handle all aspects for their clients. Their significant experience with these type of cases range from quick, favorable resolutions to taking cases all the way through trial and appeal. Visit www.mgalaw.com for more information.
Florida Construction Law Attorney - Heitman Law Firm, PL.
Our law firm follows the same rules handling your case that you use on the jobsite to build your projects. Our work is Plumb Square and Level. When we say plumb, we mean that we are straight up with you. We evaluate your case and tell you where you stand legally, allowing you to make sound business decisions. Square means that we don’t cut corners in protecting our Client’s legal rights whether in drafting your contracts or handling your construction disputes.
By quality, we mean degree of excellence. Heitman Law Firm practices construction law. Mr. Heitman is an expert in construction law, board certified by the Florida Bar. He is a member of an elite group of board certified construction attorneys. In addition, Mr. Heitman is a Florida Licensed Professional Engineer, with years of experience building real world construction projects. As such, the Firm is extremely well qualified to render its clients high quality legal representation.
Heitman Law Firm has the background, training, and experience to handle every aspect of a construction project. With years of experience, Mr. Heitman has successfully drafted and negotiated multi-million dollar construction contracts and is committed to resolving construction claims on behalf of his clients. Visit www.palmbeachconstructionlaw.org for more information.
By quality, we mean degree of excellence. Heitman Law Firm practices construction law. Mr. Heitman is an expert in construction law, board certified by the Florida Bar. He is a member of an elite group of board certified construction attorneys. In addition, Mr. Heitman is a Florida Licensed Professional Engineer, with years of experience building real world construction projects. As such, the Firm is extremely well qualified to render its clients high quality legal representation.
Heitman Law Firm has the background, training, and experience to handle every aspect of a construction project. With years of experience, Mr. Heitman has successfully drafted and negotiated multi-million dollar construction contracts and is committed to resolving construction claims on behalf of his clients. Visit www.palmbeachconstructionlaw.org for more information.
Wednesday, June 13, 2012
Court: Reinstate Ohio suit alleging Duke kickbacks
A federal appeals court on Monday ordered reinstatement of a lawsuit that accuses Duke Energy Corp. of paying kickbacks to big Cincinnati-area companies to win their support for a 2004 electricity rate increase.
The 6th U.S. Circuit Court of Appeals in Cincinnati reversed a federal judge's 2009 decision and reinstated the 2008 antitrust lawsuit filed on behalf of some Ohio businesses and individuals who bills rose.
The district court judge had concluded that federal courts lacked jurisdiction over the case and that the Ohio Public Utilities Commission, which approved the rate increase, had exclusive jurisdiction over state-law claims.
The three-judge appeals panel, however, said in its unanimous ruling that the lower court was incorrect and that "no circumstances exist here that would deprive the district court of jurisdiction over plaintiffs' state-law claims."
The lawsuit claims that, in 2004, the utility known then as Cinergy Corp. paid off large corporate customers who opposed the rate increase request. The lawsuit alleges that the opposition ended after the companies signed rebate deals with Duke.
The 6th U.S. Circuit Court of Appeals in Cincinnati reversed a federal judge's 2009 decision and reinstated the 2008 antitrust lawsuit filed on behalf of some Ohio businesses and individuals who bills rose.
The district court judge had concluded that federal courts lacked jurisdiction over the case and that the Ohio Public Utilities Commission, which approved the rate increase, had exclusive jurisdiction over state-law claims.
The three-judge appeals panel, however, said in its unanimous ruling that the lower court was incorrect and that "no circumstances exist here that would deprive the district court of jurisdiction over plaintiffs' state-law claims."
The lawsuit claims that, in 2004, the utility known then as Cinergy Corp. paid off large corporate customers who opposed the rate increase request. The lawsuit alleges that the opposition ended after the companies signed rebate deals with Duke.
Sunday, May 13, 2012
Texas man's execution halted for now
A federal appeals court says it won't overturn a district judge's reprieve for a Texas man convicted of killing a neighbor and stealing his motorcycle while on parole for rape.
The decision by the 5th U.S. Circuit Court of Appeals means condemned inmate Anthony Bartee won't be put to death Wednesday evening.
Bartee was set for lethal injection Wednesday for the 1996 shooting and stabbing death of 37-year-old David Cook at the victim's home in San Antonio.
Attorneys for the 55-year-old Bartee have argued that he's entitled to additional DNA testing of crime scene evidence to possibly exclude him as the killer. The appeals court says it wants more information from lawyers.
State attorneys contend that numerous tests on evidence have already been done and there's nothing left to test.
The decision by the 5th U.S. Circuit Court of Appeals means condemned inmate Anthony Bartee won't be put to death Wednesday evening.
Bartee was set for lethal injection Wednesday for the 1996 shooting and stabbing death of 37-year-old David Cook at the victim's home in San Antonio.
Attorneys for the 55-year-old Bartee have argued that he's entitled to additional DNA testing of crime scene evidence to possibly exclude him as the killer. The appeals court says it wants more information from lawyers.
State attorneys contend that numerous tests on evidence have already been done and there's nothing left to test.
Tuesday, April 10, 2012
High court upholds jails' strip searches
The Supreme Court ruled Monday that jailers may subject people arrested for minor offenses to invasive strip searches, siding with security needs over privacy rights.
By a 5-4 vote, the court ruled against a New Jersey man who complained that strip searches in two county jails violated his civil rights.
Justice Anthony Kennedy said in his majority opinion for the court's conservative justices that when people are going to be put into the general jail population, "courts must defer to the judgment of correctional officials unless the record contains substantial evidence showing their policies are an unnecessary or unjustified response to problems of jail security."
In a dissenting opinion joined by the court's liberals, Justice Stephen Breyer said strip searches improperly "subject those arrested for minor offenses to serious invasions of their personal privacy." Breyer said jailers ought to have a reasonable suspicion someone may be hiding something before conducting a strip search.
Albert Florence was forced to undress and submit to strip searches following his arrest on a warrant for an unpaid fine, though the fine actually had been paid. Even if the warrant had been valid, failure to pay a fine is not a crime in New Jersey.
By a 5-4 vote, the court ruled against a New Jersey man who complained that strip searches in two county jails violated his civil rights.
Justice Anthony Kennedy said in his majority opinion for the court's conservative justices that when people are going to be put into the general jail population, "courts must defer to the judgment of correctional officials unless the record contains substantial evidence showing their policies are an unnecessary or unjustified response to problems of jail security."
In a dissenting opinion joined by the court's liberals, Justice Stephen Breyer said strip searches improperly "subject those arrested for minor offenses to serious invasions of their personal privacy." Breyer said jailers ought to have a reasonable suspicion someone may be hiding something before conducting a strip search.
Albert Florence was forced to undress and submit to strip searches following his arrest on a warrant for an unpaid fine, though the fine actually had been paid. Even if the warrant had been valid, failure to pay a fine is not a crime in New Jersey.
Tuesday, March 13, 2012
Lehman Brothers sues Citigroup for $2.5B
Lehman Brothers Holdings Inc. and its creditors are suing several units
of Citigroup Inc. to recover $2.5 billion the failed investment bank
transferred to a backup account at Citi months before seeking bankruptcy
court protection.
In the complaint filed on Wednesday with the U.S. Bankruptcy Court for the Southern District of New York, Lehman claims that Citibank is wrongfully withholding the money as a potential source of funds in a dispute over derivative contracts.
Lehman also is asking the court to disallow what it says are $2 billion of "inflated and legally unsupported" claims that Citibank has asserted against it.
In a statement Thursday, Citigroup vowed to defend itself and its right to recover losses from Lehman's collapse. It called the lawsuit unjustified and accused Lehman of trying to renege on its obligations and claw back assets to which it has no right.
According to the lawsuit, Citi demanded on June 12, 2008, that Lehman transfer between $3 billion to $5 billion into an account to cover potential overdrafts by Lehman subsidiaries that were using Citi's clearing and settlement services.
In the complaint filed on Wednesday with the U.S. Bankruptcy Court for the Southern District of New York, Lehman claims that Citibank is wrongfully withholding the money as a potential source of funds in a dispute over derivative contracts.
Lehman also is asking the court to disallow what it says are $2 billion of "inflated and legally unsupported" claims that Citibank has asserted against it.
In a statement Thursday, Citigroup vowed to defend itself and its right to recover losses from Lehman's collapse. It called the lawsuit unjustified and accused Lehman of trying to renege on its obligations and claw back assets to which it has no right.
According to the lawsuit, Citi demanded on June 12, 2008, that Lehman transfer between $3 billion to $5 billion into an account to cover potential overdrafts by Lehman subsidiaries that were using Citi's clearing and settlement services.
Indianapolis Bankruptcy Law Firm - Riley Bennett & Egloff, LLP
The Firm’s creditors’ rights expertise also includes such areas as
foreclosures and deeds-in-lieu of foreclosure; appointment of receivers;
replevin, garnishment and attachment proceedings, pre-judgment and
post-judgment; suits on guaranties, Uniform Commercial Code issues, and
other commercial litigation matters.
Debt Relief
Our attorneys help individuals, consumers, business investors and small businesses file for bankruptcy protection under the United States Bankruptcy Code, whether it be a liquidation under Chapter 7 or a reorganization under Chapters 11 or 13. We strive to provide a high degree of service and personal care to each of our clients. Our philosophy is simple: provide competent and high quality bankruptcy services for a reasonable fee.
Riley Bennett & Egloff Law is an Indianapolis based law firm. Their attorneys have substantial experience collecting monies owed to their business clients in Indiana state courts and in federal bankruptcy courts. The firm continues to focus on maximizing their client's recovery in an fast and cost-effective manner. Their goal is to provide high quality services and they have a lengthy record of success to show for it. Visit www.rbelaw.com to see more.
Debt Relief
Our attorneys help individuals, consumers, business investors and small businesses file for bankruptcy protection under the United States Bankruptcy Code, whether it be a liquidation under Chapter 7 or a reorganization under Chapters 11 or 13. We strive to provide a high degree of service and personal care to each of our clients. Our philosophy is simple: provide competent and high quality bankruptcy services for a reasonable fee.
Riley Bennett & Egloff Law is an Indianapolis based law firm. Their attorneys have substantial experience collecting monies owed to their business clients in Indiana state courts and in federal bankruptcy courts. The firm continues to focus on maximizing their client's recovery in an fast and cost-effective manner. Their goal is to provide high quality services and they have a lengthy record of success to show for it. Visit www.rbelaw.com to see more.
Thursday, March 1, 2012
High court asked to undo Mont. campaign money ban
Corporations are asking the Supreme Court to allow them to spend freely to influence upcoming elections in Montana, despite a state high court ruling upholding a ban on independent corporate campaign spending.
Three groups filed papers with Justice Anthony Kennedy on Friday, saying that the Montana court's decision in December is out of step with Kennedy's majority opinion in the 2010 Citizens United case that struck down a federal ban on independent campaign spending.
The American Tradition Partnership and two other groups sued soon after the 2010 decision to overturn Montana's century-old corporate spending ban. But the state Supreme Court said the Montana law could remain in place because it was a response to political corruption and allows for some corporate spending.
Three groups filed papers with Justice Anthony Kennedy on Friday, saying that the Montana court's decision in December is out of step with Kennedy's majority opinion in the 2010 Citizens United case that struck down a federal ban on independent campaign spending.
The American Tradition Partnership and two other groups sued soon after the 2010 decision to overturn Montana's century-old corporate spending ban. But the state Supreme Court said the Montana law could remain in place because it was a response to political corruption and allows for some corporate spending.
Miss high court hears challenge to Barbour pardons
Feuding attorneys asked the Mississippi Supreme Court on Thursday to determine the validity of pardons that Haley Barbour gave to convicted killers and other convicts during his final days as governor.
Chief Justice Bill Waller Jr. said the court would not rule Thursday, but he didn't say when a decision would come.
"We want them to take enough time to do it right," said Randy Walker, who objects to the pardons. Walker was shot in the head in 1993 by one of the men Barbour set free last month. That former inmate, David Gatlin, also fatally shot his own estranged wife as she held the couple's baby.
At the heart of the dispute is Section 124 of the Mississippi Constitution, which says "no pardon shall be granted" by the governor until the convicted felon applying for the pardon publishes notice of that application for 30 days in a newspaper in or near the county where the crime was committed.
Justices could uphold the pardons, as requested by a private attorney representing Republican Barbour. Or they could declare the pardons invalid, as requested by Democratic Attorney General Jim Hood. If they agree with Hood that the 30-day publication is a must, they could send the pardons back to a lower court, where a circuit judge could hold a trial to determine whether the pardons met those requirements.
Chief Justice Bill Waller Jr. said the court would not rule Thursday, but he didn't say when a decision would come.
"We want them to take enough time to do it right," said Randy Walker, who objects to the pardons. Walker was shot in the head in 1993 by one of the men Barbour set free last month. That former inmate, David Gatlin, also fatally shot his own estranged wife as she held the couple's baby.
At the heart of the dispute is Section 124 of the Mississippi Constitution, which says "no pardon shall be granted" by the governor until the convicted felon applying for the pardon publishes notice of that application for 30 days in a newspaper in or near the county where the crime was committed.
Justices could uphold the pardons, as requested by a private attorney representing Republican Barbour. Or they could declare the pardons invalid, as requested by Democratic Attorney General Jim Hood. If they agree with Hood that the 30-day publication is a must, they could send the pardons back to a lower court, where a circuit judge could hold a trial to determine whether the pardons met those requirements.
Foreign donations are a risk in super PAC setting
Money pouring into the presidential election from super political action committees and nonprofit campaign groups appears so far to be strictly American in origin, donated by U.S. companies, unions and millionaires. But it's easier than ever to conceal the source of money and the identities of contributors, making conditions ripe for illegal donations from foreigners, overseas companies or governments attempting to help a favored candidate for the White House.
"Clearly it is more difficult to enforce the ban on foreign spending when the source of the money is not publicly disclosed," said Trevor Potter, head of the Campaign Legal Center and former chairman of the Federal Elections Commission. Potter is the attorney advising television comedian Stephen Colbert, who set up his own super PAC to illustrate absurdities of how money affects U.S. elections.
Foreign political donations have been outlawed since 1966, and a brief U.S. Supreme Court order last month upheld the ban for foreigners living in the U.S. as well as corporations and individuals abroad.
"Clearly it is more difficult to enforce the ban on foreign spending when the source of the money is not publicly disclosed," said Trevor Potter, head of the Campaign Legal Center and former chairman of the Federal Elections Commission. Potter is the attorney advising television comedian Stephen Colbert, who set up his own super PAC to illustrate absurdities of how money affects U.S. elections.
Foreign political donations have been outlawed since 1966, and a brief U.S. Supreme Court order last month upheld the ban for foreigners living in the U.S. as well as corporations and individuals abroad.
Robbins Geller Rudman & Dowd LLP Files Class Action
Robbins Geller Rudman & Dowd LLP today announced that a class action has been commenced in the United States District Court for the Central District of California on behalf of purchasers of the common stock of Powerwave Technologies, Inc. between February 1, 2011 and October 18, 2011, inclusive.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Samuel H. Rudman or David A. Rosenfeld of Robbins Geller at 800/449-4900 or 619/231-1058. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.rgrdlaw.com/cases/powerwave/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint charges Powerwave and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Powerwave engages in the design, manufacture, marketing, and sale of wireless solutions for wireless communications networks worldwide.
The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (i) that the Company was experiencing a dramatic decline in demand from customers in its North American markets; (ii) that the Company was rapidly burning through its free cash flow as revenues declined and expenses increased; and (iii) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its operations and earnings.
Robbins Geller, a 180-lawyer firm with offices in San Diego, San Francisco, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations.
http://www.rgrdlaw.com
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Samuel H. Rudman or David A. Rosenfeld of Robbins Geller at 800/449-4900 or 619/231-1058. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.rgrdlaw.com/cases/powerwave/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint charges Powerwave and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Powerwave engages in the design, manufacture, marketing, and sale of wireless solutions for wireless communications networks worldwide.
The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (i) that the Company was experiencing a dramatic decline in demand from customers in its North American markets; (ii) that the Company was rapidly burning through its free cash flow as revenues declined and expenses increased; and (iii) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its operations and earnings.
Robbins Geller, a 180-lawyer firm with offices in San Diego, San Francisco, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations.
http://www.rgrdlaw.com
Lehman Brothers sues Citigroup for $2.5B
Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc. to recover $2.5 billion the failed investment bank transferred to a backup account at Citi months before seeking bankruptcy court protection.
In the complaint filed on Wednesday with the U.S. Bankruptcy Court for the Southern District of New York, Lehman claims that Citibank is wrongfully withholding the money as a potential source of funds in a dispute over derivative contracts.
Lehman also is asking the court to disallow what it says are $2 billion of "inflated and legally unsupported" claims that Citibank has asserted against it.
In a statement Thursday, Citigroup vowed to defend itself and its right to recover losses from Lehman's collapse. It called the lawsuit unjustified and accused Lehman of trying to renege on its obligations and claw back assets to which it has no right.
According to the lawsuit, Citi demanded on June 12, 2008, that Lehman transfer between $3 billion to $5 billion into an account to cover potential overdrafts by Lehman subsidiaries that were using Citi's clearing and settlement services.
In the complaint filed on Wednesday with the U.S. Bankruptcy Court for the Southern District of New York, Lehman claims that Citibank is wrongfully withholding the money as a potential source of funds in a dispute over derivative contracts.
Lehman also is asking the court to disallow what it says are $2 billion of "inflated and legally unsupported" claims that Citibank has asserted against it.
In a statement Thursday, Citigroup vowed to defend itself and its right to recover losses from Lehman's collapse. It called the lawsuit unjustified and accused Lehman of trying to renege on its obligations and claw back assets to which it has no right.
According to the lawsuit, Citi demanded on June 12, 2008, that Lehman transfer between $3 billion to $5 billion into an account to cover potential overdrafts by Lehman subsidiaries that were using Citi's clearing and settlement services.
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