Claims for compensation for losses suffered by Group Members arising from the acquisition of synthetic CDOs by Group Members from Lehman Australia.
Current stage of case
Judgment delivered on 21 September 2012. Plaintiffs were wholly successful. Final orders made on 25 March 2013. Class action settlement approval given on 6 December 2013; claims to be determined based on an agreed claims resolution process. Claims resolution process in progress. Awaiting further distributions from Lehman Brothers Australia Limited (in liquidation).
- Federal Court (NSW)
- Wingecaribee Shire Council, City of Swan and Parkes Shire Council as representatives
- Lehman Brothers Australia Limited (In Liquidation)