Legal action spreads to losses on Lehman exchange-traded notes

Arbitrations in the US have now expanded to recovering losses made as a result of investments in Lehman exchange-traded notes (ETNs). Around 20 law firms are now investigating the sale of principal-protected Lehman notes (PPNs) in the US, which have been left virtually worthless following Lehman's bankruptcy filing.

Florida law firm Colling Gilbert Wright & Carter is examining options for investors who have lost money in Lehman ETNs, and has already filed two arbitration cases regarding Lehman

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