Investors Seek Class Status In Lehman Fraud Suit

Law360, New York (January 4, 2010, 4:35 PM EST) -- Investors are seeking class certification in a securities fraud suit against former affiliates and executives of bankrupt Lehman Brothers Holdings Inc. over losses stemming from $52.7 million in real estate partnerships.

In a motion filed Dec. 31 in the U.S. District Court for the Southern District of New York, members of LP Jefforeed Management Co. Inc. asked to form a committee that would represent the more than 50 plaintiffs in the suit against Lehman Brothers Real Estate Associates III LP, Lehman Brothers Private Equity Advisers LLC...
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