The March 2010 examiner’s report in the Lehman Brothers bankruptcy came in handy for plaintiffs lawyers involved in securities class action litigation stemming from the investment bank’s demise. After packing an amended complaint with details from the report by Jenner & Block chairman Anton Valukas, Southern District Judge Lewis A. Kaplan allowed the case to move forward in July (NYLJ, July 29), prompting former Lehman CEO Richard Fuld and other former Lehman execs to seek $90 million in insurance funds to settle the case.
But co-lead plaintiffs counsel in a related Lehman Brothers ERISA litigation failed to gain similar traction from Mr. Valukas’ report. Attorneys at Wolf Haldenstein Adler Freeman & Herz added some 50 pages of material, much of it drawn from the examiner’s report, to an amended complaint in the ERISA litigation also before Judge Kaplan.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
