Lehman investors withdraw lawsuit against RBS

The collapse of Lehman Brothers in Sept 2008 sparked a wave of lawsuits against financial institutions in Singapore which had allegedly mis-sold the products. Investors who bought into the Minibond series of products claimed the investments were sold as "safe and low-risk" despite concerns over the credit-worthiness of Lehman RBS, Lehman and its Minibond subsidiary which originated the structured product were later sued by a group of five investors in Sept 2009,  in an attempt to seek full restitution on the basis of mis-representation and improper sales procedures. According to a ...