Lehman Ruling Continues Bankruptcy Safe Harbor Expansion

By Kathryn Borgeson, Eric Waxman and Andrew Greenberg (September 11, 2020, 3:35 PM EDT) -- On Aug. 11, in In re: Lehman Brothers Holding, the U.S. Court of Appeals for the Second Circuit affirmed lower court decisions rejecting Lehman's attempt to recover nearly $1 billion in payments to noteholders and enforcing certain priority provisions that subordinated payments otherwise payable to Lehman under related swap transactions....

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