Lehman losses: County settles for $5.2 million | November 13, 2013 | Almanac | Almanac Online |



News - November 13, 2013

Lehman losses: County settles for $5.2 million

by Renee Batti

San Mateo County will receive the lion's share of a $9.6 million settlement to be paid by a handful of former Lehman Brothers investment bank officers, but the county's $5.2 million portion represents only a sliver of the $155 million total loss suffered by public agencies in the county, including school districts, when the investment giant declared bankruptcy in 2008.

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