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HK Minibond Investors to Receive Further Payout
Some Hong Kong investors in the failed Lehman-Brothers minibond series of structured investments are set to receive a further, final payment in relation to their loss. PricewaterhouseCoopers (PwC), the receivers of the minibond collateral, said investors in series 5 to 7 and 9 of the products will receive an additional payment of 10% from the […]
Morgan Stanley Loses Pinnacle Appeal
Morgan Stanley have failed again in their bid to get their Pinnacle lawsuit case heard in Singapore. Previously, a group of investors had sued Morgan Stanley for their role in arranging the Pinnacle notes, a product which failed during the 2008 financial crisis. Morgan Stanley wanted the case to be heard in Singapore and had […]
Lehman Brothers Announce Voluntary Liquidation
Three and a half years after the collapse of Lehman Brothers, the respective Boards of Lehman Brothers Pte Ltd (LBPL) and Lehman Brothers Singapore Pte Ltd (LBSPL) have informed the Monetary Authority of Singapore (MAS) that LBPL and LBSPL have been placed under voluntary liquidation. MAS has been informed by LBPL and LBSPL that based […]
DBS High Notes Investors Loses Appeal
Almost one year after the initial suit filed by DBS High Notes investors was dismissed/a> by the High Court, an appeal filed by investors against the initial decision has failed as well. 213 investors had invested about S$18 million into DBS High Notes and lost everything when Lehman Brothers collapsed. The investors have fought their […]
Pinnacle Notes Class Action Suit to Proceed in New York
The latest news is that law firm Kirby McInerney LLP, acting on behalf of a group of Singapore investors of Pinnacle Performance Ltd series 1,2,3,5,6,7,9 and 10 notes, have succeeded in getting their case heard in New York. The defendant will be Morgan Stanley, the creators of the product. Morgan Stanley had wanted the case […]