Gale v. Lehman Brothers Inc.
Apr 02, 2015OUTCOME: Resolved for a $587,250.00 approved Claim
Filed Arbitration Case in 2009 alleging unsuitable trading, margin trading, etc. Following Lehman Bankruptcy, Trustee challenged the entire claim based on Statute of Limitations. Bankruptcy Court gran ... ted The Trustee's Motion to limit damages. Appealed ruling to Federal District Court who deferred its ruling, until a hearing on the merits, Sent back to Bankruptcy Court and Settled case for well over 200% more than what was offered prior to appeal.
