2nd Circ. Won't Revive Lehman Securities Fraud Suit

Law360, New York (December 20, 2012, 7:47 PM EST) -- The Second Circuit on Thursday rejected a bid to revive a $640 million securities fraud suit brought against Lehman Brothers Holdings Inc. by a group of former investors in its real estate interests, validating a lower court's opinion that they had failed to prove that Lehman intentionally misled them. 

A three-judge panel agreed with a New York federal court’s March 2011 dismissal of a suit brought by a group of investors who committed more than $53 million to four Lehman partnerships formed in 2007 as investment...
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Case Information

Case Title

Fried et al v. Lehman Brothers Real Estate Associates III, L.P. et al

Case Number



New York Southern

Nature of Suit



Lorna G. Schofield

Date Filed

June 17, 2011

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