$507M In Settlements Reached With Lehman Officers, Directors, Underwriters

NEW YORK - In a motion made available on Dec. 5, lead plaintiffs in a securities class action lawsuit against Lehman Brothers Holdings Inc., certain of its formers officers and directors and others asked a federal judge in New York to approve two settlements totaling $507 million to settle claims with a number of the defendants for alleged federal securities law violations (In re Lehman Brothers Securities and ERISA Litigation, MDL No. 09-2017, [In re Lehman Brothers Equity/Debt Securities Litigation, No. 08-5523], S.D. N.Y.; See October 2011, Page 26). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com