US - Washington State Investment Board (WSIB) is suing Lehman Brothers' officers and directors, its investment bankers and its accountants to recoup more than US$100m lost in Lehman's securities.
The complaint alleges the defendants did not disclose the "precarious situation" of the bank - which went bust last year - at the time WSIB purchased Lehman subordinated and senior debt notes. W...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
