Key Takeaways
- • Former Lehman Brothers CFO Erin Callan is reportedly living with FDNY firefighter Anthony Montella in a $3.859 million East Hampton home, according to Business Insider.
- • The couple's home is a six-bedroom, 5,500-square-foot shingle-style residence that Callan bought for $3.93 million in 2005 with then-husband Michael Thompson.
- • Callan kept the house after her divorce from Thompson in 2008 and continues to live there, though the property has been listed and delisted from the market several times since the Lehman collapse.
- • The report followed CalPERS' lawsuit against former Lehman executives over alleged misstatements of losses tied to mortgage-backed securities between 2007 and 2008.
Summary
Business Insider reported that former Lehman Brothers CFO Erin Callan is reportedly still in a relationship with Anthony Montella, an FDNY firefighter, and that the couple lives in a $3.859 million home in East Hampton. Montella is an East Hampton local, according to his Facebook profile, and the publication found photographs of the property he had posted to Webshots.com.
The report came after the California Public Employees' Retirement System (CalPERS), the nation's largest public pension fund, sued former Lehman Brothers executives about two weeks earlier, alleging they misrepresented losses from mortgage-backed securities between 2007 and 2008. CNBC's John Carney, working on NetNet, set out to determine the current whereabouts of three of the named executives: former CEO Dick Fuld, former CFO Chris O'Meara, and former CFO Erin Callan. Business Insider reported no updates on Fuld or O'Meara, but did gather information on Callan.
The home is a six-bedroom, 5,500-square-foot residence in a traditional shingle style. Callan purchased it for $3.93 million in 2005 with then-husband Michael Thompson. The two divorced in 2008, and Callan retained the property. Since the Lehman collapse, the house has been listed and taken off the market multiple times, though the report indicated Callan appears to be staying put.
The report came after the California Public Employees' Retirement System (CalPERS), the nation's largest public pension fund, sued former Lehman Brothers executives about two weeks earlier, alleging they misrepresented losses from mortgage-backed securities between 2007 and 2008. CNBC's John Carney, working on NetNet, set out to determine the current whereabouts of three of the named executives: former CEO Dick Fuld, former CFO Chris O'Meara, and former CFO Erin Callan. Business Insider reported no updates on Fuld or O'Meara, but did gather information on Callan.
The home is a six-bedroom, 5,500-square-foot residence in a traditional shingle style. Callan purchased it for $3.93 million in 2005 with then-husband Michael Thompson. The two divorced in 2008, and Callan retained the property. Since the Lehman collapse, the house has been listed and taken off the market multiple times, though the report indicated Callan appears to be staying put.
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