Pension Funds Can Join Lehman Securities MDL: Judge

Law360, New York (April 14, 2011, 4:16 PM EDT) -- A New York federal judge granted two pension funds in Iowa and Mississippi on Wednesday limited intervention in a multidistrict litigation over now-bankrupt Lehman Brothers Holdings Inc.’s securities offerings, ruling that the statute of repose cannot be tolled.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York broke from a majority of court rulings and concluded that the statute of repose, which gives plaintiffs three years from the date of a securities offering to bring a claim under Section...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

In Re: Lehman Brothers Securities and ERISA Litigation


Case Number

1:09-md-02017

Court

New York Southern

Nature of Suit

Labor: E.R.I.S.A.

Judge

Lewis A. Kaplan

Date Filed

January 9, 2009


Case Title

In Re: Lehman Brothers Mortgage-Backed Securities Litigation


Case Number

1:08-cv-06762

Court

New York Southern

Nature of Suit

Other Statutory Actions

Judge

Lewis A. Kaplan

Date Filed

July 29, 2008

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.