Deminor has started federating a large group of German retail clients of Targobank whose assets and savings had been invested in Lehman Brothers Treasury notes consisting in complex and structured financial instruments. The objective of Deminor's action is to help those retail clients obtain a compensation for their losses.
Lehman Brothers Treasury Co. B.V ("LBT"), a subsidiary of Lehman Brothers Holdings Inc. ("LBHI"), had issued bonds and structured financial instruments which were sold and distributed in various European countries, including Germany, for an estimated total amount of USD 34 billion. These bonds and products were unconditionally and irrevocably guaranteed by
Lehman Brothers Treasury Co. B.V ("LBT"), a subsidiary of Lehman Brothers Holdings Inc. ("LBHI"), had issued bonds and structured financial instruments which were sold and distributed in various European countries, including Germany, for an estimated total amount of USD 34 billion. These bonds and products were unconditionally and irrevocably guaranteed by
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