In a development that undoubtedly will attract comment
and controversy, fourteen former Lehman Brothers executives--including former
Lehman Chairman and CEO Dick
Fuld --have reached an agreement to settle the consolidated
securities class action litigation that has been filed against them for $90...
A group of former executives of a Lehman Brothers
subsidiary is seeking to block the bid by senior Lehman executives
to use $90 million of the remaining D&O insurance proceeds to settle the
cases pending against them. As discussed here ,
on August 24, 2011, the senior executives filed a motion...
With the addition of a $417 million settlement involving
Lehman Brothers' offering underwriters, the pending settlements in the Lehman
Brothers securities class action lawsuit now total $507 million. Nate Raymond's
December 6, 2011 Am Law Litigation Daily article discussing the