CLAIMANTS ALLEGE, INTER ALIA, THAT THEY RECEIVED UNSUITABLE INVESTMENT ADVICE IN ABOUT MARCH 2007.

$237,500.00

MR. MITCHELL DENIES ANY ALLEGATIONS OF WRONGDOING AND DID NOT ADMIT TO ANY FAULT, WRONGDOING OR LIABILITY WHATSOEVER IN CONNECTION WITH THE SETTLEMENT AGREEMENT. THE CLAIMANT, WHO ALLEGED THAT MR. MITCHELL FAILED TO INSTRUCT HER AND HER FAMILY TO DIVERSIFY THEIR LEHMAN BROTHERS' STOCK HOLDINGS PRIOR TO THE FIRM'S BANKRUPTCY IN THE FALL OF 2008, WAS HERSELF A FORMER SENIOR VICE PRESIDENT AT LEHMAN BROTHERS AND WAS ADVISED ON A NUMBER OF OCCASIONS BY MR. MITCHELL (AS WERE HER OTHER FAMILY MEMBERS), WELL-PRIOR TO LEHMAN BROTHERS' BANKRUPTCY, TO DIVERSIFY HER LEHMAN BROTHERS' HOLDINGS. MR. MITCHELL'S OFFER OF A SETTLEMENT IN THIS MATTER WAS STRICTLY A BUSINESS DECISION, BASED ON THE OPPORTUNITY TO CALL ON LEHMAN'S INSURANCE TO PAY VIRTUALLY THE ENTIRE SETTLEMENT.

ALLEGED DAMAGES OF $400,000. ALLEGATIONS OF FRAUD, BREACH OF FIDUCIARY DUTY AND NEGLIGENCE.

$400,000.00

$42,500.00

LEHMAN PAYED $42,500.00 TO SETTLE THIS ARBITRATION IN ORDER TO AVOID THE COSTS OF DEFENSE. THE CLAIMANTS HAD PREVIOUSLY FILED A STIPULATION DISMISSING MR. MITCHELL WITH PREJUDICE AS A RESPONDENT IN THIS ARBITRATION AND WITHDREW ALL ALLEGATIONS OF WRONGDOING AGAINST HIM. CONTACT WILLIAM OLSHAN 212-526-2708.

UNSUITABILITY AND BREACH OF FIDUCIARY DUTY. ALLEGED DAMAGES: $129,000.00

$129,000.00

$62,500.00

[CUSTOMER] WITHDREW ALL ALLEGATIONS OF WRONGDOING AGAINST MR. MITCHELL AND WITHDREW THE CLAIMS AGAINST MR. MITCHELL WITH PREJUDICE. SHEARSON PAID THE CLAIMANT $62,500.00 I BELIEVED THIS CLAIM WAS SOLELY THE RESULT OF A DECLINE IN THE PRICE OF A SECURITY WHICH WAS DUE TO UNFORESEEABLE MARKET CONDITIONS.

CLIENT ALLEGED UNSUITABLE STOCK TRADING. ALLEGED DAMAGES $70,000.

$70,000.00

$25,000.00

SETTLED FOR $25,000. SHEARSON LEHMAN BROTHERS PAID TOTAL SETTLEMENT Not Provided