November 03, 2014
A New York bankruptcy judge on Monday held that more than 200 former Lehman Brothers Holdings Inc. workers should recover nothing from the firm's Chapter 11 estate based on stock awards they were promised, treating the $348 million in resulting claims as equity rather than debt.
October 16, 2014
Lehman Brothers Holdings Inc. accused four financial institutions of requesting a $7.1 billion set-aside from the defunct firm's bankruptcy estate over bogus mortgage loan securities in order to hold up payouts to other creditors and extort a sweeter settlement.
October 15, 2014
A New York bankruptcy judge on Tuesday denied Merrill Lynch Capital Services Inc.'s bid to toss Lehman Brothers Special Financing Inc.'s adversary suit claiming MLCS has refused to return $21 million following an allegedly erroneous series of interest rate swap transactions in 2008.
October 08, 2014
A New York bankruptcy judge has approved bankrupt Lehman Brothers Holdings Inc.'s plan to settle for $350 million an originally $4.47 billion claim for breaking a lease for pricey London real estate, according to a Tuesday order.
September 26, 2014
Lehman Brothers Holdings Inc. accused Raymond James Financial Inc. of moving in on one of its swap agreements just after its 2008 collapse and taking a windfall of $1.9 million that the bankrupt financial institution now wants back, according to a lawsuit filed in New York federal court on Thursday.
September 22, 2014
Lehman Brothers Holdings Inc. will hand a $350 million bankruptcy claim to its U.K. landlord and the Canary Wharf management company to settle a dispute stemming from Lehman's broken lease for its Bank Street offices in London, according to a New York bankruptcy court filing Monday.
September 11, 2014
Lehman Brothers Holdings Inc. attorneys urged a New York bankruptcy judge on Thursday to strike a claim for $600 million in post-petition interest on Citigroup Inc.'s 10-figure claim against Lehman's Chapter 11 estate, saying that such interest payments are unavailable to setoff creditors.
August 25, 2014
A group of banks who trustee mortgage-backed securities sold by Lehman Brothers Holdings Inc. asked a New York bankruptcy judge Friday to more than double the fraud liability pool, saying that, with a big distribution looming, it's decreasingly likely that those claims will be addressed fairly unless another $7.1 billion is set aside.
August 20, 2014
A New York bankruptcy judge on Tuesday threw out damages claims against Lehman Brothers Holdings Inc. brought by shareholders in defunct SkyPower Corp., a Canadian renewable energy developer that fell apart when Lehman, its controlling shareholder, collapsed and stopped supporting it.
August 15, 2014
The trustee for Lehman Brothers Inc.'s Securities Investor Protection Act liquidation said in a court filing Friday that he has $4.6 billion to dole out to unsecured creditors of the failed financial-services company's brokerage unit.