If Lehmann Brothers Australia can be prosecuted by Australian Federal Court, then this can provide a case basis for Australian Holders....imdenity insurance won't be able to protect Management...great find...
JUDGEMENT GIVEN BELOW... It finds that Grange Securities, a wholly owned subsidiary of Lehman Brothers, breached its fiduciary duty and engaged in misleading and deceptive conduct in placing highly complex collateralised debt obligations in the portfolios of councils..
CCC Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
