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Lehman Brothers Class Action Lawsuit Filed September 26, 2008 AboutLawsuits Add Your Comments A Lehman Brothers class action suit has been filed on behalf of investors who purchased Lehman Preferred Series “J” stock shares issued between February 5, 2008 and September 15, 2008. The lawsuit was filed against several Lehman executives, as well as firms that underwrote the offering, claiming that false and misleading statements were made about the financial strength of the investment bank. On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection, causing substantial losses for investors. The collapse began in 2007 when the mortgage market crisis unfolded, as Lehman was heavily invested in subprime mortgages. Do You Know about… hair dye cancer lawsuits For Salon Professionals Hair dye lawsuits are being pursued for salon professionals who were routinely exposed to hair dye chemicals and diagnosed with bladder cancer or breast cancer. See if you qualify for a hair dye cancer lawsuit settlement. Learn More SEE IF YOU QUALIFY FOR COMPENSATION Do You Know About… hair dye cancer lawsuits For Salon Professionals Hair dye lawsuits are being pursued for salon professionals who were routinely exposed to hair dye chemicals and diagnosed with bladder cancer or breast cancer. See if you qualify for a hair dye cancer lawsuit settlement. Learn More SEE IF YOU QUALIFY FOR COMPENSATION The Lehman Brothers lawsuit was filed on Wednesday in the U.S. District Court in Manhattan by institutional investors Fogel Capital Management. The complaint names the former CEO, other former Lehman directors, Bank of America, Citigroup, Merrill Lynch and other firms that underwrote the offering of the Lehman Preferred Series “J” shares. In February 2008, 76 million of the preferred shares were sold at $25 each, for $1.9 billion offering. Following the collapse of Lehman Brothers, the shares have fallen to under 10 cents, which has resulted in huge losses for investors. The suit seeks class action status on behalf of all investors who purchased the Lehman Preferred Series “J” stock shares. The lawsuit alleges that the prospectus issued prior to the offering failed to reveal Lehman’s large exposure to the sub-prime mortgage market and contained various false and misleading statements about the financial strength of the company. Tags: Class Action, Financial Fraud, Lehman Brothers Image Credit: | More Lawsuit Stories Sports Gambling Addiction Crisis Fueled By Sportsbook App Lobbying Efforts: Report April 30, 2025 Lawyers Proposed 11 Bard Implantable Port Catheter Lawsuits as Bellwether Trial Candidates April 30, 2025 Future of Ultra-Processed Food Diabetes Lawsuit To Be Determined at Hearing in August 2025 April 30, 2025 155 Comments John February 26, 2014 Like many, I also lost a great deal of retirement money on common stock with Lehman Bros and have not been able to find a class action lawsuit. For the many that remain, common stock holders we will not see retirement for many more decades. That is if we have any luck. If anyone has any information on a class action lawsuit against Lehman please share. Best regards, John elaine January 4, 2014 I have 350 shares leh-m,will they ever be worth anything? I am 85 years old and needed the income………..help Carl October 16, 2013 Im stil watching the mail box . Stll no word on where my money is. John June 12, 2013 I have over 14,000 shares of Lehman Bros bonds. Is there a class action suit for bond holder?. I was also duped into this investment. I asked my financial advisor for a ultra safe investment where there was no possibiliy of loosing my capital. Is there any lawfirm available to join us bond holders together and file a suit with the bankruptcy court? George February 27, 2013 First Congregational Church of Michigan City, Indiana held $50,000 of Lehman paper. Now shows on our Morgan-Stanley statement as zero. A total loss. The congregation is essential inactive, wilth no forman services. I would like to say that Lehman Bros. and indirectly Morgan-Stanley were the cause of a small church in Mid-america closing. I understand that we are part on a suite. Have not heard any news lately, Jacob October 24, 2012 I am part of the WmU class action lmortage law suite , but I HAV’NT HERD FROM ANY ONE FOR OVER A YEAR . PLEASE UPDATE ME BY EMEAL. THANKS Vicki May 17, 2012 Fidelity Investments marketed Lehman Brothers bonds to people like me with self directed IRA portfolios. Fidelity urged us to diversify into a safe bond investment such as Lehman. That was June 2008. Lehman went bankrupt in Sept 2008. Turns out Fideltiy’s investment bank, State Street bought credit default swaps on Lehman. So Fidelity was marketing the bonds to us small investers while betting the bank would fail and they would earn 1000% on their credit default swap investment. randy April 14, 2012 I was with merrill lynch up to 2/1/2009 and lost alot of money the previuos year, can I file suit against them for loosing hundreds of thousands of my retirement susan February 16, 2012 father passed away left me LEHMAN BROTHERS HLDG INC MEDIUM TERM NOTE B/E SURVIVOR benifits 20,000 can i collect on the survivors benifit since he has passed. Or was it back my lehman brothers..? anyone suzanne February 2, 2012 I will join the lawsuit. I had all my retirement money with Lehmann Bros. and lost it all. Did anyone receive the 16-page claim form to fill out? I received it last week. Looks intimidating to fill out, but I will try. My broker assured me Lehman was a GREAT place to invest. RIGHT! von January 11, 2012 Trying to recover 1000 shares of value. Junior November 24, 2011 I am looking to find out information about the class action lawsuit filed three to four years ago.Some lawyers out of St.Louis Missouri won their case from Edward Jones and I was sent a letter telling me I was owed 340.00 but I never received the check. How do I get my money or find out how to get my money I am owed. Barbara November 1, 2011 Is anyone considering/or already cnsidered filing a class action lawsuit against Lehman, as they filed a motion and settlement agreement, October 21, 2011, to disolve the Lehman Health Care Trust, hearing to be held November 16, 2011 @ 10:00am, whereby Honorable James M. Peck will decide whether Lehman &/or Trust will CEASE paying insurance premiums of retires and former employees on long term disability under the Group Benefits Plan. AS LEHMAN STATES, SUCH COSTS REMAIN SOLE OBLIGATION OF THE INDIVIDUALS… Can you imagine, elderly people and disabled people without benefits, salary or medical insurance…. Lets file a class action lawsuit. I’m sure I’m not the only one suffering. Paul October 13, 2011 We may have to take a stand aginst the people involved! How can they get away with this? We need to beat the crap out of Dick Fuld and take everything he has, then sue Edward Jones for recomending LB. I lost 40K Those Basterds! My heart aches for so many people that lost everything.. If anyone is sueing anybody I would like to sign up. I hate these greedy bankers time to get rid of them… Wolfgang July 7, 2011 Any body know about the lehman bonds in euros ?? Top Hat April 21, 2011 Don’t get your hopes up on these bonds. As usual the lawyers will manage to eat up any funds left with fees by dragging this out as long as possible. marlene March 1, 2011 how do we get answers to all the above comments???? Scott February 9, 2011 This is a cop out.This company did not have to go bankrupt.They were my mortgage holder and recieved $130.000 of a $110.000 loan and since we missed a couple payments padded the bill with a various group of costs.They refused to work with us and lost our paperwork (surprize).End result the house was pretty well paid for and they forclosed.I suppose everyone who were in decision making possitions in this company are filthy rich,since they sold my home for $70,000.There should be a recourse for deceptive practices like this. Aurora loan services,Lemann Brothers,and Peirce and associates from Chicago Ill (who I might add were sited in a class action suite for overcharging Aurora and Lemann’s customers)They are bottom feeders getting filthy rich from the missfortune of others. Joseph February 2, 2011 My wife and I bought 2,000 shares Lehman Brothers Hldg Inc 7.95% non cum perpetual PFD ser J as offered by Smith Barney in February of 2008. We held on to the bitter end, expecting some kind of bail-out from BOA or the Government and fianlly sold at $0.34 per share. The question is, “What are our chances of recovering anything?” M January 8, 2011 Can anyone tell me if my mother would be eligible for any action to be taken – her advisor had her portforlio in equities 90% at the age of 56 thru to 72 and has only last year reduced this to a “safe” portfolio. She has lost half of everything. She really doesn’t understand about equities and we live abroad and have only recently found this all out. Her advisors seem like a reputable company that did well for her in the boom years. Could nayone point me in the right direction to get information? Many thanks Jack October 26, 2010 I am a retiree who purchased a $40,000 bond through the Trust Department of my bank. The bond matured one day after tje bankruptcy and lost about 80% of my investment. Bad timeing!!! NORMA September 9, 2010 We too, invested with Edward Jones in Holding Bonds with LB, we visited our broker about a month before they “fell” and he advised us that even tho’ they were having trouble it would be fine and they would recoup. We lost half our life savings, my husband has been in depression ever since that time, and we see no way to get any of our money back. Who can u trust? Janet July 20, 2010 After LB declared bankruptcy, I received an explanation from Edward Jones documenting all the red flags including the fact that S&P and Moody’s had both downgraded LB. I called my advisor at Edward Jones and asked why he hadn’t let us know that it had been downgraded and he said that it was minimal and not cause for alarm. He knew that we were leary as we were retired and had also lost all of our MCI bond. paul June 11, 2010 I HAVE LOST 25000 WITH LEHMAN BROTHERS BONDS. MY BROKER EDWARD JONES HAS ADVISED ME TO SELL NOW AT 17 CENTS ON THE DOLLOR. TO BAD HE COULD “NT HAVE LET ME KNOW BEFORE SEPT 08. I THINK I CAN HOLD ON FOR AT LEAST .25 CENTS.. jorge May 29, 2010 I lost 10 years of my blood and sweat by investing in Lehman bonds. Portugal’s largest commercial bank BCP Millenium guaranteed that my investment was very safe, and only if BCP and Millenium went belly-up then I would lose my money. Millenium BCP lied to me and I’m still waiting for my money. I lost money in the same way in RBS and Iceland. All supposedly guaranteed by BCP Millenium in Portugal. All banks are very quiet abouit there toxic investments. No bank will ever see my money again. You lost all my trust. Perhaps they are all just pyramid schemes??? Gerald May 27, 2010 Acorrding to my research, A class action suit was filed in the New York Federal Southern District Court, case # 1.2008cv08225 filed Sept. 24 2008. This action (Ibelieve) mainly applied to investors who purchased series J Preferred stock LEHJQ.PK and I also think it applys to LEHMQ.PK. I’m not a lawyer just an investor. The firm that filed the class action suit is Fogel Capital Management, Inc in NY, I believe the lead attorney on this case may be a Mr. Mckenna. However I never recieved a resonse to my email to him. You may find out more information about this Class Action suit on the New York Southern District Federal court web site. Richard May 17, 2010 Our records show that we bought for our retirement 1600 shares of a AAA rated @$25.00/share ($40,000 investment) on 4-1-07. Lehman Bros HLdg Cap Tr V 6% preferred series M bonds.We never heard anything about the failing/failure of this bond until Lehman was bancrupt. We heard nothing from our broker, the rating company SPIC nor Lehman and still haven’t to this date. No one was watching this calamity came to pass. In my estimation there were quite a few people and companies who profited from the sale of these bonds and only the investors got the losses. It wasn’t supposed to work this way and I’d like my money returned. Richard May 1, 2010 I am interested in any class action law suits that have been filed or my be filed against the bond rating firms the rated Lehman Btothers Bonds with in the last 6 months before Lehman Brothers filed for bankruptcy. The bonds I purchased duringt that time were A rated. I think there is a good case again these firms. If these bonds would have had the correct rateing “junk”, I and a lot of other people would not have lost thousands. Bella April 30, 2010 Is there any class action going on for COMMON STOCK shares of Lehman Brothers LEH ? Realized, it has been a while. But all my search have not resulted in anything. jack April 21, 2010 My wife and I are both retired and have a Trust Account managed by an excellent bank in Michigan. Part of our portfolio included a $40,000 Lehman Brothers bond. Two days before the bond matured, the bankruptcy was filed. We were counting on this investment to be used for our retirement. Hope we can recoup at least 50 cents on the dollar. What bad timing for us!! ANTHONY April 13, 2010 I WAS A HOLDER OF COMMON SHARES, AS WERE MANY OF YOU, HAVE YOU ALL NOTICED HOW SILENT OUR GOVERNMENT AGENCIES HAVE BEEN WITH REGARD TO “OUR” PROBLEM,,,, THE WALL STREET GANGSTERS HAVE ALL PERPETUATED THE GREATEST THEFT OF THE PEOPLES WEALTH,,, NOW THEY ARE IN THERE BUYING ALL THE STOCKS THAT COLLAPSED AT BARGAIN BASEMENT PRICES AND HAVE GOTTON WEALTHIER,, AND ALL THE GOVERNMENT HAS DONE IS HOLD A FEW B.S. HEARINGS TO PACIFY US,,, IF THEY CAN SUPPORT FAILING BUSINESS’ WITH “OUR” MONEY, THEN WHY CAN’T THEY GET “OUR” MONEY BACK FROM “OUR” TREASURY, WELL MY FRIENDS, DREAM ON, WE HAVE ALL BEEN DUPED BY WALL STREET AS WELL AS “THEIR” GOVERNMENT),,,,,, Sharon April 3, 2010 Haven’t heard anything about a lawsuit, but I sure hope it happens. My late husband had a large LB bond which had the estate feature guaranteeing upon his death the bond would be paid out at the purchase amount…ha. ha…haven’t gotten a thing on that either. It’s just still sitting in the Edward Jones portfolio waiting to be paid, if ever. steven March 29, 2010 Does anyone know anything about a class action suit against Lehman Chris March 27, 2010 We also lost in LBHI based on lies. The bonds were rated “A” by the rating Agency S&P and the other two. Two weeks after we bought the bonds LBHI file Bankruptcy under Chapter 11. “Repo 105 In particular, the examiner’s report… Lehman’s failure to disclose its use of an accounting device called “Repo 105″ to make its books look better. Lehman used this device to strip some $50 billion of undesirable assets from its balance sheet at the end of the first and second quarters of 2008,…” It is obvious that the rating agency and the auditors knew! Chapter 11, Bankruptcy Act, is a legal license to commit fraud! The corporations know in advance that they “will protected by the bankruptcy courts under Chapter 11.” The Bankruptcy Act is a vehicle for “ponzi schemes” and confiscation protected by ” Corrupt Justice System.” The Bankruptcy Act Chapter 11, violates the “prohibition “of Article I, Sec. 10, U.S. Constitution for it impairs the “Obligation of Contracts…” and it also violates Article IV “Property Rights to be secure in their papers…” With over 190 banks being foreclose so far in 2010 it is obvious that the legislators, FED and others had no intention in protecting the individual property, funds, rights etc. A state representative states, “we need to do whatever it takes to take back our rights.” What are the legislators rights? Are their rights “by doing whatever it takes” to take peoples property, funds etc.? To stop Corporate fraud, repeal the “Bankruptcy Act Chapter 11” “AMEND the CONSTITUTION!” Empower the people to “EXPRES their WILL” on ALL ISSUES! Charles March 23, 2010 Just came across this site. I worked for Lehman from 1987 to 2006 and have over 5,000 shares of common stock. I thought I had a decent nest egg for my retirement…. little did I know…. I have been reading all of the comments about getting a class action suite started… if one has started can someone let me know how I can join and if some of you want to start one, I am in….. They shouldn’t be able to get away with this!! Dale February 8, 2010 Bought my lehman bonds 30 days before the collaspe of Lehman I WAS TOLD THESES ARE A GOOD INVESTMENT. The bonds were in an IRA account. 10,000 turned into 1500 in 30 days. SAFE? Merrill Lynch can not give my any advice as to what is happening to the bonds…this is full service brokerage? Mybe I really dont want their advice after all as they said Lehman was a good investment. Marilyn January 26, 2010 I am 83 years old and had a $100,000.00 Lehman Bros. bond with Charles Schwab.. The loss of allmost $500.00 per month has changed my life. Charles Schwab people have no information.. Sandy January 13, 2010 I also have a $100,000 bond in Lehman with Edward Jones. I called Edward Jones yesterday and couldn’t find out anything. There must be someone at Lehman Brothers that we can call to get an update? Charles January 11, 2010 I have $200,000.00 in Lehman bonds with Edward Jones. Realy cant get a good answer from Edward Jones on whats going on. kathy January 5, 2010 I lost $50,000 worth of stock. I have not gotten any paperwork. I would also like to know how to get on the claim list? My *&##$$@ investment banker knows NOTHING> help……… Shelia December 30, 2009 Is there any hope of getting any compensation on preferred stocks invested with Lehman Brothers. How do we get on the investor’s claim list? sylvia December 30, 2009 i lost most of my pension with lehman bros. approximately $40,000.00. how do i get on the investors claim list? i have not received any papers from anyone. i’ve been an investor since2002. oleta December 8, 2009 I hold a Lehman Bros HLDGS Inc Medium Term NTS ( $20,000) that was purchased for me on 11/19/07. Lehman Bros Defaulted in September, 2008. I filed my “Proof of Claim” against them before the bar date September 22, 2009 requesting my $20,000 returned to me. I understand if I join a Class Action law suit and get some of my money back. I understand that later I can file a Loss Claim to IRS for the balance to be used toward the following years of money owed to IRS. If this is correct I will welcome joining a Class Action Suit. polly December 1, 2009 I’d like to know about the Lehman bonds that have the estate feature. My husband had $100,000 in one of these bonds and he passed away in March -09…..what or when will the estate feature materialize dwayne November 24, 2009 Upon reading all these horror stories,I must share mine.I had purchased a convertable through LHM for Fannie MaeThe total purchase price was $5000 with interest @25% for 6 months.Needless to say,the market and bond callapsed and LHM stopped paying the interest.So,I called FINRA and explained how the broker told me that the interest was”GUARANTEED”.Six months later I recouped 80% of my money back. redcaps November 4, 2009 any information regarding Smith Barney and Lehman bankruptcy? Valerie October 19, 2009 My broker bought me $ 250,000 worth of the Lehman Seriies J preferreds in February of 2008. (@$ 25 per share) It was an “investment grade” stock prior to its September collapse as far as I was told and told not to sell. I also had lots of other preferreds which went way down and I sold them for fear of another Lehman collapse. I am a single mom who once felt very secure in my situation. Now I’m not. And pretty angry at having been sold Preferred stocks wheh I had no idea they were so specultive. Is there a class action suit and if so when will it take place!? Patricia October 6, 2009 First, as their power of attorney, then co-trustee of my parents’ trusts after they passed away, my experience with their Edward Jones financial advisor is that Ed Jones advisors appear to get away with “murder” and, all the while, Ed Jones covers, supports and lies for them. My elderly parents’ constant phone calls and home visits from their “advisor” , pressured them into buying whatever the “advisor” benefited most from. He wasn’t looking out for their best interests. My heart breaks for those folks represented in the stories above. My mother’s $10,000 Lehman Brothers corporate bond is now worth $500. My father wanted to cash it in, along with five other bonds, in 2007, and his “advisor” begged him not to, as he played on my father’s emotions, by stating those were my mother’s “favorite bonds”. She had just recently passed away. There has to be a special place in hell for “advisors” such as these. Allan September 19, 2009 Bought Lehman Preferred in “04”. Like everyone else–goodby. Broker never warned. Shouldn’t _____have known something (big firm)? Ann September 15, 2009 I purchased $21,000 in Lehman Bros. through Edward Jones. These were bought at two different times, one $10,000 and another $11,000. In August of 2008 I began to see red flags with Lehman and called my broker to sell these bonds. He said why?. I told him they were going bankrupt and I wanted as much as possible before that happened. He then put in an order to sell and I sold the $10,000 for $7,500 but he advised against the $11,000 bond because the loss was much more. needless to say I lost all the amount in this one. If there is a class action law suit filed, I would appreciate your advice. 1 2 3 4 Older Comments Share Your CommentsFirst Name*Last NameEmail* Shared Comments*This field is hidden when viewing the formI authorize the above comments be posted on this page Yes No Post Comment I authorize the above comments be posted on this page Weekly Digest Opt-In Yes, send me a weekly email with the latest lawsuits, recalls and warnings. Want your comments reviewed by a lawyer?To have an attorney review your comments and contact you about a potential case, provide your contact information below. This will not be published.Contact Phone #Alt Phone #Private CommentsNOTE: Providing information for review by an attorney does not form an attorney-client relationship.CAPTCHAGA SourceGA CampaignGA MediumGA ContentGA TermNameThis field is for validation purposes and should be left unchanged. Δ MORE TOP STORIES Sports Gambling Addiction Crisis Fueled By Sportsbook App Lobbying Efforts: Report (Posted: today) Following the rapid expansion of legalized sports betting across the U.S., a new watchdog report reveals how the gambling industry lobbied against consumer protections to prevent sports betting addictions, while wagers reached $148 billion annually. 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