Author: David Schwartz J.D. CPA
Time is running out for those who are unhappy with the settlements of some 930,000 Lehman derivatives contracts. With the statute of limitations running out on filing Lehman derivatives disputes, a flood of new cases is expected from parties holding these contracts when Lehman filed for bankruptcy in 2008. An article by law firm Orrick Herrington & Sutcliffe LLP lays out some some of the parameters of this potential wave of last minute Lehman litigation.