Lehman Brothers Holdings Inc.

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Case Number:

1:08-bk-13555

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

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June 17, 2024
Deutsche Bank Sues Over Stalled Lehman Claim Deal

Deutsche Bank said a Boston portfolio management firm is demanding unreasonable terms to close the acquisition of $906 million worth of claims in Lehman Brothers' long-running bankruptcy, saying in a New York federal lawsuit that Finepoint Capital LP should cover costs connected to the stalled deal.
September 08, 2020
CORRECTED: Lehman Investors Get $21M Added To $49M Distribution Round

The trustee for Lehman Brothers Inc. investors told a New York bankruptcy judge Tuesday that $21 million has been tacked on to the $49.2 million pot of money that is expected to be one of the final rounds of cash distributed to the defunct brokerage firm's general unsecured creditors.
February 19, 2020
Lehman Trustee Asks Judge To Toss 3rd Try At Deferred Pay

The Chapter 11 trustee for Lehman Brothers Inc. asked a New York bankruptcy judge Wednesday to toss the third attempt by a group of former executives to claim $300 million in deferred pay, saying they are wrong on the law and too late with their arguments.
November 01, 2019
Ex-Lehman Workers Lose $260M Pay Challenge In 2nd Circ.

The Second Circuit on Friday told a group of former Shearson Lehman Brothers Inc. workers that they need to get in line behind other unsecured creditors of the bankrupt brokerage firm for the $260 million in deferred pay they claim they are owed.
July 24, 2018
Lehman, Credit Suisse Get OK To Settle $1.2B Claims Fight

A settlement drastically reducing $1.2 billion in Credit Suisse AG claims against Lehman Brothers Holdings Inc. stemming from closeout calculations for old derivatives trades was approved Tuesday by a New York bankruptcy judge, who praised the parties for coming to reasonable terms.
June 21, 2018
Creditors Object To $750M Lehman-Credit Suisse Deal

Two hedge funds threw a wrench into a massive proposed derivatives settlement between Lehman Brothers Holdings Inc. and Credit Suisse AG with an objection filed on Wednesday, sharply questioning Lehman's whiplash-inducing turn from demanding $75 million to agreeing to pay $750 million in the "black box" deal.
June 13, 2018
Lehman Settles $1.2B Credit Suisse Trade Closeout Fight

Lehman Brothers Holdings Inc. said Tuesday it had reached a settlement with Credit Suisse AG to end a long-running bankruptcy court scuffle over closeout calculations for derivatives trades following the firm's 2008 collapse, freeing Lehman from a $1.2 billion claim and its last big bank action of that kind.
June 07, 2018
Lehman's Bid For Preferred Stock Swap Comes Under Fire

Seeking to block Lehman Brothers Holdings Inc. from issuing preferred stock as a substitute for potentially more valuable creditor interests in U.K.-based debt instruments, attorneys for Barclays Bank and Deutsche Bank argued Thursday that Lehman's bankruptcy court request is a bid to rewrite history.
April 19, 2018
Lehman Judge Fumes At RMBS Trusts' Distribution Moves

Trustees for investors who bought toxic residential mortgage-backed securities from Lehman Brothers Holdings Inc. before the 2008 financial crisis got an earful Thursday from a New York bankruptcy judge who fumed that their concerns over how to distribute funds from a $2.4 billion settlement could have been raised months ago.
February 08, 2018
Lehman Puts Finishing Touch On MBS Claims Estimation Trial

Attorneys for Lehman Brothers Holdings Inc. held firm in closing arguments Thursday that trustees accusing the defunct investment bank of selling toxic mortgage-backed securities have failed to show damages claims in excess of the $2.4 billion Lehman will accept.

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