Lehman investors to launch class action
04-02-2009
About three thousand local Lehman Brothers' minibond investors have decided to launch a class-action lawsuit in the United States against the trustee of the products -- HSBC-USA. They say the bank should be held responsible for their losses. The Chairman of the Alliance of Lehman Brothers' Victims, Peter Chan, said the case would be filed in a US court within two weeks, but it could take up to a year before a hearing is held. He said investors remained open to a settlement with the bank.
