Hong Kong Investors Sue Lehman Over Minibonds
Hong Kong investors have proceeded with their class action suit to recover their investments from the failed Lehman Minibond product. The lawsuit was filed against Lehman Brothers, the creator of the product and HSBC, the trustee of the product. HSBC also provided the directors for the Special Purpose Vehicle (SPV) set up to issue the Minibonds.
For the entire story, read this article by Associated Press: