Panel: Investor Claims Against Lehman Brothers' Officers, Directors Untimely

NEW YORK - A federal judge did not err in dismissing a consolidated amended securities class action complaint against several former officers and directors of Lehman Brothers Holdings Inc. and others for alleged federal securities law violations because the new claims made in the amended complaint were untimely under the statute of limitations and statute of repose on such claims, a Second Circuit U.S. Court of Appeals panel ruled Oct. 28 (Rena Caldwell, et al. v. Roger S. Berlind, et al., No. 13-156, 2nd Cir.).

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