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Lehman Flip Clause Decision Rejects “Singular Event” Analysis; Reaffirms Breadth of Bankruptcy Safe Harbors for Derivatives Transactions

Wed, 07/06/2016 - 14:15

On June 28, 2016, Judge Shelley Chapman of the United States Bankruptcy Court for the Southern District of New York issued a decision in the chapter 11 bankruptcy cases of Lehman Brothers Holdings Inc. (LBHI), Lehman Brothers Special Financing Inc. (LBSF), and their affiliated debtors that will have significant implications for parties currently engaged in claims and other disputes with the Lehman debtors. Lehman Bros. Special Financing Inc. v. Bank of America Nat’l Assoc., et al. (In re Lehman Bros. Holdings Inc.), No. 10-03547 (Bankr. S.D.N.Y. June 28, 2016)

Categories: Insolvency News