In Re: Lehman Brothers Equity/Debt Securities Litigation

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Case overview

Case Number:

1:08-cv-05523

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Lewis A. Kaplan

Firms

Companies

Sectors & Industries:

  1. October 16, 2013

    Ernst & Young To Pay $99M To Settle Lehman Litigation

    Ernst & Young LLP has agreed to pay $99 million to settle claims in an investor class action against former officials and auditors of Lehman Brothers Holdings Inc., ending long-running multidistrict litigation over the bankrupt company's securities offerings, according to a memo released Wednesday.

  2. May 03, 2012

    Former Lehman Execs' $90M Deal With Investors Hits Delay

    A New York federal judge on Thursday cited not only case law but the lyrics of a Kenny Rogers ditty in deciding to hold off on approving a $90 million settlement between Lehman Brothers Holdings Inc. executives and a proposed class of the failed bank's investors.

  3. December 05, 2011

    Lehman MDL Plaintiffs Settle With Underwriters For $417M

    Underwriters for Lehman Brothers Holdings Inc. on Friday agreed to pay $417 million to settle a suit in multidistrict litigation accusing the bank and its underwriters of misleading investors about risky subprime mortgage positions in their securities offerings, including retirement accounts.

  4. September 09, 2011

    Ex-Lehman Execs Tangle Over $90M In Insurance Funds

    Former directors of a Lehman Brothers Holdings Inc. unit that issued mortgage-backed securities told a New York bankruptcy judge Thursday that ex-CEO Richard Fuld's request for $90 million in insurance money to fund a shareholder class action settlement shortchanges them.

  5. August 25, 2011

    Ex-Lehman Execs Seek Coverage Of $90M Settlement

    Former CEO Richard Fuld and other directors and officers of defunct investment bank Lehman Brothers Holdings Inc. asked a New York federal court Wednesday to allow their insurers to pay $90 million to settle a putative shareholder class action.