Class action filed on Lehman principal protected notes

A class action has been filed on UBS Financial Services and the officers and directors of Lehman Brothers on losses from investments in principal protected notes 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 inflated commercial and residential mortgage and real estate assets in addition to large amounts of leverage, and failed to take steps to lower its exposure to the weakening credit and mortgage markets or explain

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a 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 individual account here