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Continued Pursuit of New Defendants for Lehman Losses

By Mark H. Astarita, Esq.

The collapse of the financial markets that began in mid-2008 has spawned quite a bit of litigation, and at the forefront of much of that litigation is Lehman Brothers. That is not too much of a surprise, given the fact that the government refused to prevent its bankruptcy. Once Lehman went under, any security that was based on its creditworthiness also collapsed. See,  Investors Filing Claims Against Lehman Brokers,  Lehman Note Sales Under Fire, and Lehman Principal Protected Note Arbitrations On the Rise.Investors have been filing, and in some cases winning, cases against UBS, who sold a significant amount of principal protected notes to the investing public. Last week, investors scored another victory in Lehman related litigation - a federal court judge in New York denied, in part, a motion to dismiss a class action complaint against Lehman, its affiliates, and certain individuals who signed registration statements for the offering statements for one group of Lehman offerings...continue to full post

Full post as published by SECLaw.com on February 22, 2010 (boomark / email).