'Repo' Claims Aren't Protected By SIPA, Judge Rules
By Kurt Orzeck ( June 25, 2013, 10:55 PM EDT) -- A New York federal bankruptcy court ruled Tuesday that repurchase transaction claims can't be protected like customer claims in the Securities Investor Protection Act liquidation of Lehman Brothers Inc. because a group of banks didn't entrust property for safekeeping by the broker-dealer....
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