Lehman liquidator files $40M lawsuit against Fitch following class action discovery

Class Actions 2019-12-12 1:12 pm By Cat Fredenburgh | Melbourne

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The Australian liquidator of Lehman Brothers has filed a lawsuit seeking $40 million from Fitch Ratings for assigning too-rosy ratings to toxic financial products sold by the bank, following the discovery of a hidden table in Fitch’s rating model by the lawyers leading a now-settled class action against the accounting firm.

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