Most Hong Kong complaints about Lehman has not settled

There are and will be much more civil and criminal lawsuits involved with HK structure products and HKMA wordings of settled is misleading. In fact, many so called settled cases are now being bought to criminal court by HKMA and HK police CCB division.

"Hong Kong authorities say the majority of complaints over the sale of financial products linked to collapsed U.S. investment bank Lehman Brothers have been settled.

The Hong Kong Monetary Authority said Friday it has finished investigating nearly all of the 22,000 complaints it received, with almost 20,000 resolved through settlement agreements or in a minority of cases closed for lack of evidence.

Disciplinary measures are being taken in about 1,500 cases, including an unspecified number involving innocuously labeled minibonds, which were in fact complex derivatives sold to many unsophisticated small-time investors.

Tens of thousands of investors who bought $1.8-billion (U.S.) in Lehman-linked derivatives in Hong Kong through local financial institutions were left in limbo after the bank collapsed in September 2008." CTV CANADA