Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, March 27, 2024 | Back issues
Courthouse News Service Courthouse News Service

Subprime Fiasco Keeps Unraveling

GALVESTON (CN) - American National Insurance Co. demands millions of dollars for the collapse of Lehman Bros., claiming Lehman and a host of others, including Merrill Lynch, Ernst and Young, and a string of major investment banks and securities dealers concealed Lehman's exposure to the house of cards that was the subprime-mortgage-backed securities market.

Here are the defendants in this 105-page complaint in Federal Court: Calyon Securities Inc.; Unicredit Capital Markets Inc. fka HVB Capital Markets Inc.; Daiwa Securities; BBVA Securities; BNY Capital Markets Inc.; CITI; RBC Capital Markets Corporation; Greenwich Capital Markets Inc.; Ernst and Young LLP; SunTrust Robinson Humphrey Inc. fka SunTrust Capital Markets Inc.; UBS Securities LLC; Wells Fargo Securities LLC; RBC Dain Rauscher Inc.; Wachovia Capital Markets LLC; US Bankcorp Piper Jaffray Inc.; Ridge Clearing and Outsourcing Solutions Inc. fka Fleet Securities Inc.; BNY Mellon Capital Markets LLC fka Mellon Financial Markets LLC; Williams Capital Group LP; Roger Berlind; Marsha Johnson Evans; Roland Hernandez; Henry Kaufman; John Macomber; Banc of America Securities LLC; Citigroup Global Markets Inc.; Merrill Lynch & Co. Foundation Inc. fka Merrill, Lynch, Pierce, Fenner & Smith Inc.; Richard S. Fuld, Jr.; Christopher O'Meara; Joseph Gregory; and Erin Callan.

Plaintiffs are represented by Andrew Mytelka with Greer, Herz & Adams.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...