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ERISA Class Action Against Lehman Directors Nixed

By Abigail Rubenstein ( February 3, 2010, 1:47 PM EST) -- A federal judge has thrown out a putative class action against Lehman Brothers Holdings Inc.'s former directors over the management of an employee stock ownership plan that lost value when the firm failed, ruling 11 defendants were not fiduciaries to the plan and the 12th did not breach her fiduciary duties....

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