Saxena White P.A. Files a Shareholder Suit Against Lehman Brothers Holdings Inc.

Notice is hereby given that Saxena White P.A. has filed suit on behalf of shareholders of Lehman Brothers Holdings, Inc. ("Lehman Brothers" or the "Company") (NYSE: LEH) in the United States District Court for the Southern District of New York.

The complaint seeks damages for violations of federal securities laws on behalf of all investors who purchased Lehman common stock between September 13, 2006 through June 6, 2008, inclusive (the "Class Period"). Lehman Brothers is an international investment banking firm. Throughout the Class Period, Defendants touted the Company's strong liquidity position, superior risk management policies and stable overall financial prospects despite a difficult environment in the financial services industry. As a result of Defendants' statements, the stock traded as high as $86.18 per share during the Class Period. (CNN Money)

Shareholder Suit Filed Vs Lehman Brothers Over Subprime Hit

NEW YORK -(Dow Jones)- A shareholder sued Lehman Brothers Holdings Inc. (LEH) and its top management Thursday over the investment bank's disclosures regarding its exposure to the subprime mortgage market.

The lawsuit, filed in U.S. District Court in Manhattan, alleges the New York investment bank failed to properly disclose to investors its exposure to a meltdown in the subprime mortgage market and the losses it would incur as a result.

"Despite this tumultuous financial climate, Lehman Brothers made repeated false and misleading statements touting the company's sophisticated and conservative risk management policies and assuring investors that it was highly unlikely that the company would suffer significantly as a result of the mortgage and credit market meltdown," the lawsuit said. (CNN Money)