Lehman Seeks To Recover Noteholder Payments February 25, 2010

--Zeke Faux

Lehman Brothers Special Financing
is planning legal action to reclaim billions of dollars it says may have been improperly paid to collateralized debt obligation noteholders, its lawyers said in a U.S. bankruptcy court filing yesterday.

The filing references transactions with two Cayman Islands-based special purpose vehicles from which Lehman hopes to recover about $900 million. Some lawyers ...

--------------------------------------------------------------------------------

Subscribe Here

Request a Free Trial

Free Trial

Already Have An Account?

Email Address:

Password:

Remember me? | Forgot your password?

You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.