QUESTIONS & ANSWERS
1) Q: What is a class action?
A class action is a type of lawsuit that allows a representative or named plaintiff to sue a defendant
or defendants on behalf of other people (the "Class") who have suffered the same type of harm. A class action is
filed when, among other reasons, the issues in a case apply to so many people that it is not practical for all of
them to file their own individual actions.
2) Q: How do I know if I am a member of the prospective Class in the Lehman Brothers Holdings Inc. securities class action?
A: The Second Amended Consolidated Class Action Complaint for Violations of the Federal Securities Laws (
"Complaint") asserts claims on behalf of all persons and entities who purchased or acquired various securities of
Lehman Brothers Holdings Inc. between February 13, 2007 and September 15, 2008. Please refer to the Complaint for
the precise definition of the Class.
3) Q: What is a class period?
A: A class period is a specific period of time during which a defendant is alleged to have been acting improperly.
4) Q: What is a lead plaintiff?
A: A lead plaintiff is a person or entity appointed by the court to represent the interests of potential class members.
5) Q: Does it cost anything to join a class action lawsuit?
A: Lead Counsel prosecutes their securities class action cases on a contingency basis. Thus, all costs and expenses of this litigation will be advanced by Lead Counsel, and attorneys' fees will only be received if we are successful in obtaining a recovery for the Class.
6) Q: Why isn't Lehman Brothers Holdings Inc. a named defendant?
A: Lehman Brothers Holdings Inc. has filed a petition for bankruptcy. See www.lehman.com and www.lehmanbrothersestate.com.