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Japan's Marubeni rejects Lehman Bros suit: company

Sunday, April 13, 2008
AFP


TOKYO -- Japan's Marubeni Corp. Saturday rejected a US$352 million lawsuit by Lehman Brothers over a bogus investment scheme allegedly involving two employees of the trading giant.

In a statement, Marubeni said it had "no payment obligation whatsoever" to the U.S. investment bank, which two weeks ago filed a lawsuit with the Tokyo District Court seeking compensation as a victim of fraud.

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