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Lehman Can't Subordinate CMBS Fraud Claims In Ch. 11

By David McAfee ( July 28, 2014, 8:21 PM EDT) -- A New York bankruptcy judge on Monday ruled that Lehman Brothers Holdings Inc. cannot de-prioritize a number of securities fraud claims relating to certain collateralized mortgage-backed securities in its Chapter 11 bankruptcy, saying the MBS are not securities "of the debtor or of an affiliate of the debtor."...

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