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Saturday, March 2, 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.

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