Former Lehman Execs' $90M Deal With Investors Hits Delay

Law360, New York (May 3, 2012, 10:29 PM EDT) -- A New York federal judge on Thursday cited not only case law but the lyrics of a Kenny Rogers ditty in deciding to hold off on approving a $90 million settlement between Lehman Brothers Holdings Inc. executives and a proposed class of the failed bank's investors.

U.S. District Judge Lewis A. Kaplan said that he would require more information before deciding on the proposed settlement, which would be covered entirely by Lehman's insurance for its directors and officers, and pointed to the complexities of settling a...
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