Class actions loom in the US as Lehman investors seek redress
Arbitrations and class actions are gathering momentum in the US as investors seek to reclaim their losses from Lehman Brothers principal-protected notes (PPNs). One case is being launched specifically against UBS, which distributed Lehman notes from its open architecture platform.
At least five separate law firms have called for investors who lost money after buying Lehman structured products - which now appear virtually worthless - to come forward.Firms are instigating arbitrations rather than
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