UK High Court OKs Flip Clauses In Lehman Notes
By Eric Hornbeck ( July 27, 2011, 2:13 PM EDT) -- The U.K.'s highest court ruled Wednesday that a Lehman Brothers Holdings Inc. affiliate couldn't get its hands on $100 million from noteholders because a so-called flip clause that gave noteholders priority when Lehman went belly-up wasn't designed to skirt bankruptcy laws....
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