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Lehman Brothers Board Members Win Dismissal of Savings Plan Suit
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Feb. 2, 2010
Excerpt: U.S. District Judge Lewis Kaplan today dismissed the case, in which board members were accused of knowing about Lehman's deteriorating condition and failing to protect the plan. Wendy Uvino, the chairwoman of the retirement plan, was also dismissed as a defendant in the suit. Kaplan said the complaint is 'devoid of any factual allegations' that Uvino knew or should have known any negative information that she was obliged to disclose.
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