Dec 8, 2011
Underwriters Reach $417 Million Settlement in Class Action Over Lehman Failure
Combined with a previously reported $90 million deal with Lehman directors and officers, a proposed settlement with a slew of underwriters would bring plaintiffs’ combined recoveries to $507 million. Next up for co-counsel at Bernstein Litowitz and Kessler Topaz? Claims against UBS and Ernst & Young.