Defendant Name: Lehman Brothers, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: LR-21457

Document Details

Legal Case Name SEC v. Lehman Brothers, Inc.
Document Name Court Approves Modifications to Global Research Analyst Settlement
Document Date 19-Mar-2010
Document Format Civil Proceeding
Case Number 03-cv-02940
Federal District Court New York, Southern District of New York
Federal District Judge William H. Pauley III
Allegation Type Investment Advisers/Investment Companies
Document Summary 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.

Disgorgement & Penalty Information

Resolutions
Approving modifications to the final judgments entered against the twelve firms covered by the Global Research Analyst Settlement.

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.