Delaware Opinion of Lehman Brothers
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FAQ
They would have gotten their money back. In the case of Lehman Brothers, however, the Securities Investor Protection Corp (which insures against customer money going missing) announced on the day of the bank's bankruptcy filing that all of Lehman's client assets were fully accounted for.
First, the statute of limitations for unjust enrichment claims under Delaware law is three years, Gavin v. Clitb Holdings, LLC, Civ. No.
Millions of people had their homes foreclosed, and mortgage-backed securities made up of bundled subprime loans also tanked, thrashing investors. In 2008, the global economy crashed.
If the Complaint is not answered within twenty (20) days after being served by the Sheriff, you may direct the Clerk to enter a default judgment against the Defendant(s) since they did not file an Answer. (Court of Common Pleas Civil Rule 55 (b)(1).)
The Impact on Lehman Brothers' Stakeholders The bankruptcy resulted in the loss of thousands of jobs, as many employees were laid off or had their positions eliminated. Customers of Lehman Brothers also suffered financial losses, as the bankruptcy resulted in the loss of their investments and other assets.