Judge OKs Lehman Ex-Execs' $90M Payout To Investors

Law360, New York (May 24, 2012, 10:56 PM EDT) -- A New York federal judge on Thursday approved a $90 million settlement between Lehman Brothers Holdings Inc. executives and a proposed class of Lehman investors, after previously balking at the settlement, which will be paid by insurance policies while letting directors and officers off the hook.

U.S. District Judge Lewis A. Kaplan said that the court now had enough information to determine whether the settlement was fair, agreeing with the investors’ concerns about the risks of finding the executives liable, when they had previously dodged similar...
To view the full article, register now.