Lehman’s Archstone Wins Arbitration Against Investors

Lehman Brothers Holdings Inc.’s Archstone, the defunct firm’s largest real-estate asset, won an arbitration brought by investors seeking hundreds of millions of dollars in damages.

Archstone, which Lehman acquired in a $22 billion leveraged buyout with Tishman Speyer Properties LP, has ownership interests in hundreds of apartment developments from Washington and New York to San Francisco.