United States District Court, Southern District of New York
CPM served as liaison counsel and represented San Mateo County; Monterey County; the cities of Auburn, San Buenaventura, and Burbank; and Zenith Insurance Company in a securities action relating to their investment losses in Lehman Brothers. The action was the first to allege direct liability against Lehman’s management, including Richard Fuld. CPM ultimately negotiated settlements on behalf of each of these public entities.
