Lehman Bros Inc

Lehman Bros. is accusing a Japanese trading company of perpetrating a massive fraud and plans to sue it for hundreds of millions of dollars, officials at the U.S. investment bank said Sunday. Lehman seeks to recoup $350 million in defaulted loans, the company said. The bank loaned the money to a unit of LTT Bio-Pharma, according to Matthew Russell, a senior spokesman for Lehman Bros. Holdings Inc.

Tishman Speyer Properties and Lehman Bros. Holdings Inc. are close to a deal to acquire real estate investment trust Archstone-Smith Trust, according to Monday's Wall Street Journal online edition. The total value of the deal could top $20 billion, including debt, the report said. Lehman, Tishman and Archstone-Smith could not be immediately reached for comment. Archstone-Smith has a market capitalization of about $12.3 billion.

A year after the demise of legendary Wall Street investment bank Lehman Bros., calls for far-reaching reforms to rein in the financial industry's excesses remain unanswered -- and may be stymied by increasing signs of a budding economic recovery. President Obama is headed today to Founders Hall on Wall Street, steps from the heart of the business world, to try to reignite support for his proposed overhaul of financial regulations. The legislation would permanently expand Washington's role in overseeing the financial system by creating a new agency to protect consumers, reining in the dark world of derivatives and giving government officials the ability to seize and dismantle large companies whose failures could be catastrophic.

The Central Valley grape town of Lodi has agreed to pay Lehman Bros. $6 million and drop a lawsuit against the Wall Street giant, nearly resolving an eight-year environmental cleanup scandal that had threatened to bankrupt the town. As part of the deal, Lehman agreed to drop a countersuit against the city. The settlement is a compromise for Lodi, which owed Lehman $31 million.

This civic-minded grape town takes pride in its frugal ways. Old-fashioned penny pinching and strict growth controls paved the way for modest luxuries: Water rates held for years at $10 a month -- and politicians who proposed a spike did so at their peril. It was that reluctance to spend money -- and a dose of small-town naivete -- that made "Lovable, Livable Lodi" an easy mark. For 15 years, Lodi has struggled with a serious groundwater pollution problem. Five years ago, Michael C.

The legal posse that helped corral Big Tobacco has ridden into Orange County -- or, more precisely, descended in private jets -- for a shootout with Lehman Bros., the Wall Street investment firm that bankrolled now-defunct Irvine lender First Alliance Corp. Mississippi lawyer Richard F.

The long-awaited legal battle between embittered customers of First Alliance Corp. and Lehman Bros., the Wall Street firm that bankrolled the now-defunct Irvine lender, got underway in earnest Tuesday as lawyers traded charges about First Alliance's business practices -- and how much Lehman knew about them.

The Securities and Exchange Commission plans to file a civil suit against Lehman Bros. Internet stock analyst Holly Becker and her husband, Michael Zimmerman, on charges of insider trading based on her firm's research, a source familiar with the matter said Wednesday. Becker has been under investigation for some time on suspicion that she passed research notes to Zimmerman, a stock trader, before they were released to clients, and he profited by trading in those securities, the source said.

Desire to dominate the lucrative mortgage securities market caused Lehman Bros. to bankroll First Alliance Corp., even though the Wall Street firm knew the now-defunct Irvine lender was systematically swindling older homeowners, a lawyer for First Alliance customers told a jury Thursday. Wrapping up a three-month fraud trial before U.S. District Judge David O. Carter in Santa Ana, attorney Richard Scruggs called the case "a shameful exploitation" of people under economic stress.

Hard-luck former customers of First Alliance Corp. make sympathetic witnesses, but there is too little evidence to link the defunct Irvine mortgage company's Wall Street backer, Lehman Bros., to systematic fraud, defense attorneys told jurors Friday at a class-action trial seeking damages from Lehman.