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Investors Filing Claims Against Lehman Brokers

By Mark H. Astarita, Esq.

Investors are starting to file arbitration claims against their Lehman brokers, in an attempt to collect their losses on investments in Lehman principle protected notes. I warned of this eventuality some time ago, as customers who lost money in the notes are going to look to recover those losses. Obviously suing Lehman is not going to accomplish anything, but some customers and their attorneys believe that suing the broker just might.Lehman brokers have been through quite a bit. These professionals relied management's statements that "all is well" with the company, and were blindsided by the failure of Lehman.  The demise of Lehman was devasting for many, for not only did they lose their jobs, they lost their investments, their deferred compensation and for many, their retirement funds, which were invested in Lehman stock...continue to full post

Full post as published by SECLaw.com on February 04, 2010 (boomark / email).