Court dismisses lawsuit against Lehman Brothers Holdings
February 3, 2010
New York: U.S. District Judge John Keenan dismissed a lawsuit filed against Lehman Brothers Holdings alleging that 11 directors knew that bankruptcy for the bank was imminent and that they did nothing to protect retirement plans for employees. The action was dismissed because it could not prove that the Lehman Brothers Holdings directors had failed in their duties in managing retirement funds.[1]
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