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In Re: Lehman Brothers Securities and ERISA Litigation

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Case overview

Case Number:

1:09-md-02017

Court:

New York Southern

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Lewis A. Kaplan

Firms

Companies

Sectors & Industries:

  1. December 06, 2012

    E&Y, Fidelity Beat Suit Over 2008 Lehman Bankruptcy

    A New York federal judge on Monday dismissed a lawsuit against Fidelity Management Trust Co. and Ernst & Young brought by participants in the Lehman Brothers Savings Plan, ruling the plaintiffs could neither challenge the companies for not detecting Lehman's financial troubles nor sue them for not litigating about the fiscal problems.

  2. November 20, 2012

    Judge Will Not Broaden Lehman Investor Claims For Now

    A federal judge on Tuesday refused to revive some investor claims that Lehman Brothers Holdings Inc. misled the market about its exposure to risk in the run-up to the financial crisis, saying the U.S. Supreme Court would have to review class action law regarding separate but similar securities offerings.

  3. October 15, 2012

    Calif. Investors' Lehman Collapse Suit Moves Forward

    A federal judge on Monday greenlighted a securities fraud suit California investors brought over alleged lies Lehman Brothers Holdings Inc. told in the run-up to its financial-crisis collapse, ruling that some of the allegations against the firm's officers and directors can go forward.

  4. July 03, 2012

    Judge Awards $56.7M For Lehman Bros. Class Action Fees

    A federal judge on Friday awarded $56.7 million in attorneys fees to Kessler Topaz Meltzer & Check LLP and Bernstein Litowitz Berger & Grossmann LLP — nearly a third less than they'd sought — for winning settlements for Lehman Brothers Holdings Inc. investors last year.

  5. May 24, 2012

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

    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.

  6. March 22, 2012

    Judge Remands NY's Suit Against E&Y Over Lehman Audits

    A New York federal judge on Thursday remanded New York state's suit against Ernst & Young LLP to state court, finding that its claims over the accounting giant's alleged role in concealing tens of billions of Lehman Brothers Holdings Inc.'s securities don't fall under federal laws.

  7. December 05, 2011

    Lehman MDL Plaintiffs Settle With Underwriters For $417M

    Underwriters for Lehman Brothers Holdings Inc. on Friday agreed to pay $417 million to settle a suit in multidistrict litigation accusing the bank and its underwriters of misleading investors about risky subprime mortgage positions in their securities offerings, including retirement accounts.

  8. July 27, 2011

    Class Claims Trimmed In Lehman Securities MDL Suit

    A New York federal judge on Wednesday trimmed but refused to toss an investor class action, part of a multidistrict litigation, against former officers, directors, auditors and underwriters of Lehman Brothers Holdings Inc. over the bankrupt financial services giant's securities offerings.

  9. April 14, 2011

    Pension Funds Can Join Lehman Securities MDL: Judge

    A New York federal judge granted two pension funds in Iowa and Mississippi on Wednesday limited intervention in a multidistrict litigation over now-bankrupt Lehman Brothers Holdings Inc.'s securities offerings, ruling that the statute of repose cannot be tolled.

  10. February 19, 2010

    Judge Trims SASCO Claims In Lehman MBS Suit

    A federal judge has thrown out a slew of claims against principals of bankrupt Structured Asset Securities Corp. in a putative class action brought by purchasers of mortgage-backed securities from a Lehman Brothers Holdings Inc. affiliate.