TheStreet.com's Matthew Goldstein has the answer - or at least a decent exploration of the question. So far investors (including many of the institutional variety) have negotiated upward of $4 billion in settlements with the discraced telecom firm, with J.P. Morgan a notable hold-out. Bruce Carton at the Securities Litigation Watch has the scorecard of the settlement amounts agreed to by various institutional investors, including:

Citigroup: $2.575 billion
Bank of America: $460.5 million

Deutsche Bank Securities: $325 million
ABN Amro: $268.3 million

West LB AG: $75 million
Tokyo Mitsubishi: $75 million
Lehman Brothers: $62.7 million

Caboto Holding SIM: $37.5 million
BNP Paribas: $37.5 million
Mizuho Int’l: $37.5 million
CS First Boston: $12.54 million
Goldman Sachs: $12.54 million
UBS AG: $12.54 million

Also of note is this recent post from the same SLW that describes in excellent detail the duties encumbent upon institutional investors to file claims for damages in relation to securities irregularities. The piece also addresses how recent regulatory changes have raised the stakes for institutional investors. If they do not pursue claims when warranted, they risk being sued by their own shareholders.

-- MDT