Litigation
Nov. 7, 2013
State municipalities settle with Lehman Bros. officials
A group of California municipalities have settled claims with 10 former officers and directors of defunct investment bank Lehman Brothers Holding Inc. that they misled investors before the firm's collapse.
By Hadley Robinson
Daily Journal Staff Writer
A group of California municipalities have settled claims with 10 former officers and directors of defunct investment bank Lehman Brothers Holding Inc. that they misled investors before the firm's collapse.
Just over five years after Lehman Brothers filed for bankruptcy, the executives - such as former CEO Richard Fuld and former CFO Erin Callan - have agreed to collectively pay $9.75 million while not admitting wrongdoin...
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