A Luxembourg bank bracing to recover a fraction of nearly $50 million in bonds it bought from the bankrupt city of San Bernardino, Calif., is appealing the dismissal of a lawsuit that could have enabled the bank to recover more money, Dow Jones Daily Bankruptcy Review reported today. With its appeal on Monday, bank officials are trying to revive a lawsuit, which was dismissed last month by Bankruptcy Judge Meredith Jury, that could have forced the city to repay the bank's bonds in full. San Bernardino leaders trying to fix the city's financial problems have proposed to repay to the bank, Erste Europaische Pfandbrief-und Kommunalkreditbank AG, about 1 percent on roughly $48 million in bonds.
