Lehman Balks At Discovery Bid By Investors

Law360, New York (December 10, 2009, 4:49 PM EST) -- Lehman Brothers Holdings Inc. has objected to a request by the lead plaintiffs in a securities class action against the beleaguered financial giant to modify the automatic bankruptcy stay in order to obtain discovery.

Lehman filed an objection Wednesday to the securities plaintiffs' motion to modify the stay in the U.S. Bankruptcy Court for the Southern District of New York, saying the motion should be denied as premature because the securities litigation is at an early stage.

If the U.S. District Court for the Southern District...
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