October 29, 2004

Lehman Settles Enron Claims

In a week filled with large settlements, Lehman Brothers Holdings, Inc. (NYSE: LEH) has announced the preliminary settlement of the '33 Act claims (misrepresentations in a registration statement) brought against it as part of the Enron securities class action in the S.D. of Tex. The settlement is for $222.5 million and follows on the heels of a similar, albeit smaller, settlement by Bank of America.

Posted by Lyle Roberts at October 29, 2004 8:09 PM | TrackBack
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