US EditionRichmond's lawsuit against banks over swaps could move to federal court
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Richmond's lawsuit against banks over swaps could move to federal court
Richmond is suing two global banks over a $66 million financial deal it says violated California law and strapped the city for money needed to cover vital city services. Last week, the banks asked the case to be transferred from California Superior Court to federal court. The case, filed by Richmond on March 17, claims… The post Richmond’s lawsuit against banks over swaps could move to federal court appeared first on Richmond Confidential.
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