Our law office is currently investigating cases on behalf of those who purchased Structured Products - also known as Principal Protected Notes and Return Optimization Securities - from Lehman Brothers. These products were marketed heavily by major brokerage houses - such as Merrill Lynch, Citigroup and JP Morgan Chase - and many who purchased these products may not have been aware that they were purchasing a Lehman Brothers product. With years of experience dealing with all areas of
If you invested in these products or any structured product that has since failed, The Law Office ofJonathan Schwartz would like to hear from you.
Please contact us for a free initial phone consultation.
Lehman Brothers In the News...
Lehman Brothers Holdings Inc.
Lehman Brothers was founded in 1850 by two cotton brokers in Montgomery, Ala. The firm moved to New York City after the Civil War and grew into one of Wall Street's investment giants. On Sept. 14, 2008, the investment bank announced that it would file for liquidation after huge losses in the mortgage market and a loss of investor confidence crippled it and it was unable to find a buyer...[Read More]
Lehman Brothers Files For Bankruptcy, Scrambles to Sell Key Business
Lehman Brothers, which filed for bankruptcy Sunday to became the largest casualty of the global credit crisis, is in advanced talks to sell its investment management business, including the crown jewel, Neuberger Berman...[Read More]
Lessons to Be Learned One Year After Lehman Brothers Collapse Roiled the World
Then and Now: A Year After the Financial Crisis Began
On the morning of Saturday, Sept. 13, 2008, Treasury Department official Tony Fratto was talking to a friend at a major New York City investment firm. The offices at every big bank in the city, Fratto's friend told him, were packed with staffers trying to figure out their firms' counterparty risk to Lehman Brothers.
To me, that was just jaw-dropping," Fratto said.
The legendary investment bank had been teetering on the brink of collapse for months. To think that banks were only now scrambling to assess their vulnerabilities to Lehman was, Fratto felt, "staggering."...[Read More]
Barclays ahead early in Lehman carve-up
A year ago, Barclays and Nomura were preparing to dismember the carcass of recently-deceased Lehman Brothers. Twelve months seems a good time to ask: who got the tastier meal?
There is little question Barclays got a bargain. It paid 1 billion pounds for Lehman's U.S. broker-dealer business, and almost immediately booked a 2.26 billion pound gain on the assets. Helped by a strong following wind in the financial markets, Lehman's fixed income trading operations helped its new parent book large profits in the first half of the year...[Read More]
The Lehman Brothers collapse: the global fallout
Iceland, Latvia and Pakistan are among the economies that suffered most in the wake of Lehman's meltdown, prompting the fall of a government, popular protests and rising extremism...[Read More]
Death by mortgage
How the rise of real estate led to the fall of Lehman
The road to the Fall of the House of Lehman runs right by the soon-to-be lost home of John and Susan, fictional names of two very real people I know, who until recently lived in splendor in a gilded inland enclave of Central Inland California. These are two truly fine people.
The husband, in his mid-forties, worked for most of his life at two businesses: He originated large but subprime mortgages for people who wanted huge homes but did not have a lot of income, at least not verifiable income; his other business was building large spec homes at fancy prices...[Read More]
The Lehman Brothers Collapse: Financial Regulation One Year Later
One year ago today Lehman Brothers collapsed, sending another 92 subsidiaries into bankruptcy. President Obama will mark the occasion with an address to Wall Street in which he will likely outline some broad principles for financial regulatory reform. Unfortunately, the blueprint for financial regulatory reform issued by his Administration thus far is a detailed mixture of overreaching policy mistakes, missed chances for real reform, blanks that will be filled in later after studies, and a few good ideas...[Read More]
HSBC target in Lehman Brothers lawsuit
Investors in Hong Kong are planning a multimillion-dollar lawsuit against London-based bank HSBC over the collapse of Lehman Brothers. Stephen Beard explains why the British bank is a good target and why more lawsuits may follow...[Read More]