NY AG Loses Renewed Bid For $150M Of E&Y's Lehman Fees

Law360, New York (April 12, 2013, 2:54 PM EDT) -- A New York judge on Wednesday refused to revive state Attorney General Eric Schneiderman's disgorgement claim over $150 million in fees Ernst & Young LLP had earned for its work with bankrupt Lehman Brothers Holdings Inc., finding his December ruling dismissing the claim was proper.

In a brief, handwritten order, Judge Jeffrey Oing said that “a review of the transcript fails to demonstrate that this court overlooked or misapprehended the law or facts.”

Judge Oing dismissed that claim from the broader suit in December, saying the...
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