District Court, S.D. New York February 2, 2010, 09 MD 2017(LAK) (In Re Lehman Brothers Securities and Erìsa Litigation)

MEMORANDUM OPINION

LEWIS A. KAPLAN, District Judge.

One of the pivotal events of the financial crisis that burst in late 2008 was the spectacular failure of Lehman Brothers Holdings, Inc. (“Lehman”), a major investment banking house. This collapse, like other major financial disasters, has spawned a flurry of class actions and other lawsuits including this one.