THE IAVARONE LAW FIRM OBTAINS $5 MILLION ARBITRATION AWARD IN LEHMAN BROTHERS STRUCTURED NOTE CASE AGAINST NEUBERGER BERMAN
The $5 million arbitration award against Neuberger Berman and Brian Hahn for the sale of Lehman Brothers Structured Notes to three customers who were sold Lehman Brothers Structured Notes (comBATS and XLF) in the summer of 2008. The FINRA arbitration panel granted the customers rescission of their $4 million in purchases of the structured notes. The arbitration award also included $1 million for one the customer’s investment in LibertyView Credit Select, a proprietary Neuberger Berman fund that hypothecated assets to Lehman Brothers, Neuberger Berman’s then parent company. The Panel also award approximately $450,000 in interest. The Illinois customer was also awarded attorney’s fees under the state’s consumer protection law. Read the award.
The case is one of several actions being pursued by The Iavarone Law Firm involving the sale of Lehman Brothers structured products by Neuberger Berman and UBS.
Leave a Reply
Click On The Book Cover To Read An Excerpt About Nick’s Prosecution Of A Notorious Mob Hit Man
“With Harry under indictment for murder, rumors were rife that outfit bosses had imported a hit squad from California to take out Iavarone . . .”
