August 12, 2014
The New York federal judge overseeing Lehman Brothers Inc.'s liquidation has denied a bid by former employee participants in a deferred compensation plan to arbitrate the potential downgrading of as much as $300 million worth of claims, according to an order filed Monday.
July 30, 2014
With former customers of Lehman Brothers Inc. being paid off in full, the trustee charged with winding down the failed investment house won permission in New York bankruptcy court Wednesday to create a $3 billion fund and dish out estate money to general unsecured creditors for the first time.
July 29, 2014
A New York bankruptcy judge on Monday wiped out a former Lehman Brothers Inc. broker's $5.5 million bankruptcy claim seeking to hold the defunct investment firm responsible for covering a 2008 arbitration award in favor of ex-clients who accused her of churning their accounts.
July 28, 2014
A New York bankruptcy judge on Monday ruled that Lehman Brothers Holdings Inc. cannot de-prioritize a number of securities fraud claims relating to certain collateralized mortgage-backed securities in its Chapter 11 bankruptcy, saying the MBS are not securities "of the debtor or of an affiliate of the debtor."
July 21, 2014
Lehman Brothers Holdings Ltd. on Friday unveiled a settlement ending a dispute over the $144 million in collateral securing notes covered by a credit default swap arrangement that the swap counterparty terminated in the wake of Lehman's 2008 bankruptcy.
July 14, 2014
The trustee winding down Lehman Brothers Inc. has reached a deal to settle about $405 million in claims asserted by Lehman's Hong Kong units, according to court documents filed Friday in New York bankruptcy court.
June 19, 2014
A New York bankruptcy judge on Thursday gave the man winding down Lehman Brothers Inc.'s estate the green light to pay holders of all allowed secured and priority claims in full and to make an additional $1 billion available for other distributions.
June 13, 2014
Lehman Brothers Special Financing Inc. on Thursday sued Merrill Lynch Capital Services Inc. in New York bankruptcy court over $21 million it says Merrill Lynch has refused to return following an allegedly erroneous series of interest rate swap transactions in 2008.
June 02, 2014
A group of Moore Capital Management LLC funds sued Lehman Brothers Holdings Inc. on Friday in New York court, looking for a court order absolving them of having to pay $20 million that Lehman says they owe on swap agreements signed before the investment bank entered bankruptcy.
February 26, 2014
The final objectors to Lehman Brothers Holdings Inc.'s $8.8 billion settlement with its Swiss subsidiary agreed Wednesday to lift their appeal, striking a deal of their own that allows them to reassert damages claims stemming from Lehman's bankruptcy, according to a motion filed in New York bankruptcy court.