Banking
Apr. 30, 2011
Lehman Goes After Local Mortgage Lenders
Bankrupt investment giant Lehman Brothers looks to California morgtage companies to recoup losses. So far, the federal courts tip in Lehman's favor.
Daily Journal Staff Writer
LOS ANGELES - In the wake of the mortgage crisis, lawyers for failed investment bank Lehman Brothers are finding some small success passing the tab on to small, regional mortgage companies.
Three recent judgments in Lehman's favor in Los Angeles and Santa Ana suggest these companies may be left holding the bag for many of the bad real estate loans that led to the Wall Street firm's collapse thr...
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