RENO, Nev. (AP) — Attorneys for Goldman Sachs and Co. say the city of Reno is improperly seeking millions of dollars in damages from the bank through private arbitration because it is time-barred from taking its case to federal court.

The attorneys made the allegation in a complaint filed in U.S. District Court of Nevada, after the city filed a claim with the Financial Industry Regulatory Authority in February. The city sought arbitration against Goldman Sachs over $210 million in bonds the bank helped the city issue to finance a downtown events center and railroad trench project, the Reno Gazette-Journal reported (http://bit.ly/LdnhEN).