Ex-Lehman Execs Tangle Over $90M In Insurance Funds

Law360, New York (September 9, 2011, 4:29 PM EDT) -- Former directors of a Lehman Brothers Holdings Inc. unit that issued mortgage-backed securities told a New York bankruptcy judge Thursday that ex-CEO Richard Fuld's request for $90 million in insurance money to fund a shareholder class action settlement shortchanges them.

Lana Franks Harber, Edward Grieb, Richard McKinney, Kristine Smith, James J. Sullivan, Samir Tabet and Mark Zusy — formerly of Debtor Structured Asset Securities Corp. — objected to Fuld's request, which was made alongside a second group of former Lehman executives.

A hearing on the matter...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

In Re: Lehman Brothers Equity/Debt Securities Litigation


Case Number

1:08-cv-05523

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Lewis A. Kaplan

Date Filed

June 18, 2008

Law Firms

Companies

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.