July 05, 2016
Lehman Brothers Holdings Inc. said the Buckeye Tobacco Settlement Financing Authority used shoddy methodology to make a $29 million claim against it and that the Ohio public-bond issuer actually owes the fallen financial giant $20 million instead, according to an adversary complaint filed in Lehman's New York bankruptcy case.
June 09, 2016
The court-appointed trustee overseeing the massive liquidation of Lehman Brothers said Thursday that creditors are in line for a $2.8 billion payout next week, $1.5 billion of which stems from a settlement with J.P. Morgan Chase & Co. over accusations it contributed to the investment bank's historic downfall.
March 02, 2016
A bankruptcy judge refused to recuse herself Wednesday for allegedly making "very angry comments" to a pro se litigant during a conference on sanctions proposed against him in Lehman’s bankruptcy proceedings, saying he did not show her impartiality was compromised.
February 08, 2016
A New York bankruptcy judge on Monday approved a $1.42 billion settlement to resolve most litigation between Lehman Brothers Holdings Inc. and JPMorgan over transactions that occurred in the runup to Lehman's 2008 bankruptcy.
February 05, 2016
Lehman Brothers Holdings Inc. has sued nearly 60 mortgage originators that it says sold it faulty mortgages that resulted in the failed investment bank paying more than $1.2 billion in settlements with Fannie Mae and Freddie Mac.
January 25, 2016
JPMorgan will pay $1.42 billion to settle most of Lehman Brothers Holdings Inc.'s suit accusing the bank of making wrongful transactions just before Lehman's bankruptcy, according to a Monday filing in New York bankruptcy court.
December 21, 2015
Banks and other creditors' committee members from the New York bankruptcy of Lehman Brothers Holdings said Friday they deserve about $19.6 million in fees and expenses, arguing they helped clean up an extraordinary mess by sorting through assets including complex derivatives and private equity interests.
November 24, 2015
Moore Capital Management LLC asked a New York bankruptcy court Tuesday to turn Lehman Brothers Holdings Inc.'s withdrawal of claims in a $20 million fight over swap agreements into a with-prejudice dismissal, after Lehman allegedly wasted 18 months' worth of Moore's time and money.
November 24, 2015
Attorneys representing a Lehman Brothers subsidiary on Tuesday defended a lawsuit against a subsidiary of Australia's ANZ Bank seeking to claw back more than $17.1 million, telling a New York bankruptcy judge that ANZ's argument that the funds fall outside the court's jurisdiction is misplaced.
October 24, 2015
Lehman Brothers told a New York bankruptcy judge on Thursday that several dozen mortgage originators had transferred assets to dodge Lehman's indemnification claims, and sought a court order forcing the entities now holding these loans to participate in mediation.