US note investors file class action lawsuit against UBS and Lehman

Three class actions have been filed on UBS Financial Services and the officers and directors of Lehman Brothers on losses from investments in principal protected notes (PPNs) issued by the defunct US bank.

Lehman issued the notes for which it and UBS were sellers and underwriters, and the allegation is that Lehman promised investors a complete return of principal even while the company knew its own financial situation was precarious. Furthermore, it is alleged that Lehman was maintaining inflate

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: