February 16, 2017
A New York bankruptcy judge on Thursday signed off on JPMorgan Chase Bank NA's $797.5 million settlement with Lehman Brothers Holdings Inc., ending the last of the lawsuits and disputes between the two stemming from Lehman's crisis-triggering 2008 collapse.
February 01, 2017
JPMorgan Chase Bank NA plans to make a $797.5 million cash payment to Lehman Brothers Holdings Inc. to settle all remaining lawsuits and disputes stemming from Lehman's crisis-triggering 2008 collapse, according to a motion filed in New York bankruptcy court on Wednesday.
January 30, 2017
New York-based hedge fund manager QVT Financial LP on Monday opened a bankruptcy court trial against Lehman Brothers Holdings Inc. in an effort to collect on a $265 million claim stemming from credit default swap transactions with Lehman, saying it should not be second-guessed on its good faith valuation.
October 19, 2016
Lehman Brothers Holdings Inc. has urged a New York bankruptcy judge to toss a $56.5 million claim by a group of investors who say they lost money in real estate partnerships with former Lehman affiliates, arguing that multiple courts have already tossed the claim.
September 30, 2016
A group of banks and financial services firms, including Deutsche Bank National Trust Co., on Thursday challenged Lehman Brothers' attempt in New York bankruptcy court to nix billions of dollars in claims arising from the sale of residential mortgage-backed securities before Lehman's 2008 collapse.
September 26, 2016
Lehman Brothers on Monday urged a New York bankruptcy judge to reject a demand for approximately $23 million in interest from a group of investors including Centerbridge Partners and a JPMorgan Chase subsidiary that hold claims arising from the failed banking firm's Bermuda-based reinsurance unit, Lehman Re.
September 20, 2016
A New York judge on Tuesday approved a settlement that significantly reduces a $1.3 billion claim brought by insurer Syncora Guarantee Inc. against the Lehman Brothers bankruptcy estate over faulty residential mortgage-backed securities originating from GreenPoint Mortgage Funding Inc.
August 31, 2016
Lehman Brothers Holdings Inc. has asked a New York judge to wipe out billions of dollars' worth of claims arising from investor losses tied to faulty residential mortgage-backed securities that the firm sold before filing for bankruptcy in September 2008.
August 16, 2016
The trustee overseeing the liquidation of Lehman Brothers' brokerage firm told a New York bankruptcy judge Tuesday that more than $8.8 billion has now been distributed to general unsecured creditors, and that he is aiming to close the bankruptcy estate by the end of next year.
July 21, 2016
A Manhattan bankruptcy judge on Thursday signed off on Lehman Brothers Holdings Inc.’s challenge to approximately $63 million in claims by other banks and financial services companies, which Lehman argued had already been satisfied.