Defendant Name: Lehman Brothers, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Barclays PLC
SIC Code: 6022
CUSIP: 06738E20

Initial Case Details

Legal Case Name SEC v. Lehman Brothers, Inc.
First Document Date 28-Apr-2003
Initial Filing Format Civil Proceeding
Case Number 03-cv-02940
Allegation Type Investment Advisers/Investment Companies
Federal District Court New York, Southern District of New York

Violations Alleged

Other
• Rules 2110, 2210(d)(1), 2210(d)(2), 3010 Conduct Rules of NASD; Rules 342, 401, 472, 476(a)(6) NYSE

Resolutions

First Resolution Date 28-Apr-2003

Related Documents:

comp18116 28-Apr-2003 Complaint
Complaint
According to SEC: "Lehman held out its equity research as providing independent stock recommendations and independent analysis of stocks based on the investment merits of the stocks being evaluated. In fact, Lehman's research analysts were, at times, confronted with pressures and conflicts of interest stemming from Lehman's desire to obtain investment banking business from covered companies."
LR-18116 28-Apr-2003 Litigation Release
SEC Sues Lehman Brothers For Research Analyst Conflicts Of Interest; Firm To Settle With SEC, NASD, NYSE, New York Attorney General, And State Regulators
According to the SEC: "The Securities and Exchange Commission announced today that it has settled charges against Lehman Brothers Inc., a New York-based brokerage firm and investment bank, arising from an investigation of research analyst conflicts of interest. This settlement, and settlements with nine other brokerage firms, are part of the global settlement the firms have reached with the Commission, NASD, Inc., the New York Stock Exchange, Inc. ("NYSE"), the New York Attorney General, and other state regulators. "
judgm18116 31-Oct-2003 Court Docket Document
Final Judgment as to Defendant Lehman Brothers Inc.
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against Lehman Brothers, Inc. and the other firms covered by the Global Research Analyst Settlement.