Lehman Brothers Holdings, Inc. (Principal Protection Notes)
Class Period: May 30, 2008 to Sep 15, 2008
Lead Plaintiff Deadline: Jan 5, 2009 + Deadline passed
Summary of Case:
A securities class action has been filed against Lehman Brothers Holdings, Inc. ("Lehman Brothers") on behalf of all persons or entities who purchased "100% Principal Protection" Notes issued pursuant to Lehman Brothers' Medium-Term Notes, Series I Prospectus Supplement that were underwritten and sold by UBS Financial Services Inc. (collectively, "Lehman Principal Protection Notes") during the Class Period May 30, 2006 through September 15, 2008.
The complaint alleges that Defendants made misstatements and omissions of material fact relating to an investment in Lehman Principal Protection Notes and deceived investors as to the risks of investing in those Notes. Moreover, UBS Financial Services Inc. ("UBS") offered and sold Lehman Principal Protection Notes as suitable for investors seeking to protect their entire principal investment. Furthermore, holders of Lehman Principal Protection Notes sold by UBS and other broker-dealers learned, following Lehman Brothers' bankruptcy filing on September 15, 2008, that their Notes are in default and they are now senior unsecured creditors in Lehman's bankruptcy proceeding, and may stand to lose all or substantially all of their principal investments.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.