Former Lehman Clients Ask For $190M In ARS Suit

By Jessica Dye ( June 10, 2009, 12:00 AM EDT) -- Western Digital Corp. and Ceradyne Inc. , two California companies that sank millions into auction rate securities on the advice of Lehman Brothers Holdings Inc. , are trying to make a $191 million example of the now-defunct investment firm for allegedly misleading investors into buying into an ARS market Lehman knew was on the verge of collapse. . . .

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