Customers sue Singapore's DBS over investment loss

SINGAPORE, July 10 (Reuters) - More than 200 customershave sued Singapore's DBS Bank, a unit of DBS Group Holdings (DBSM.SI), in a bid to recover investment losses of around S$17 million ($11.6 million) arising from the collapse of Lehman Brothers, the Straits Times reported on Friday.

Siraj Omar, a director at Premier Law, told Reuters his firm had filed a claim in a Singapore court on behalf of 204 investors but declined to discuss the case. The investors had purchased a callable basket of credit-linked notes, called High Notes 5, from DBS.

A DBS spokeswoman confirmed receipt of the claim, saying the suit was without merit and that DBS planned to defend the lawsuit. ($1=1.4585 Singapore Dollar) (Reporting by Kevin Lim; Editing by Muralikumar Anantharaman)