CCC 0.00% 0.1¢ continental coal limited

Top Post Mick DIf Lehmann Brothers Australia can be prosecuted...

  1. 482 Posts.

    Top Post Mick D

    If Lehmann Brothers Australia can be prosecuted by Australian Federal Court, then this can provide a case basis for Australian Holders....imdenity insurance won't be able to protect Management...great find...

    JUDGEMENT GIVEN BELOW...
    It finds that Grange Securities, a wholly owned subsidiary of Lehman Brothers, breached its fiduciary duty and engaged in misleading and deceptive conduct in placing highly complex collateralised debt obligations in the portfolios of councils..

 
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