DBS Accused of Misrepresenting Lehman-Related Product in Lawsuit

Bloomberg, 9 Dec 2010DBS Bank Ltd., a unit of Southeast Asia’s biggest lender, was sued by a client claiming fraudulent and negligent misrepresentations that a $1.5 million Lehman Brothers Holdings Inc.-related investment was “sound.”Former DBS banker Desmond Lim Hong Nian had said principal invested in the structured product was safe, according to a Nov. 30 lawsuit filed with the Singapore High