Give us a judgment, begs trustee, as Lehman CSO case drags on

By Mike Peterson

Friday, June 25, 2010

Bank of New York Mellon this week filed a motion to the Lehman Brothers’ New York bankruptcy court, asking, in effect, for the judge to rule against it

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TAGS: Law suits

Comment by: Moray Vincent. Posted 13 years ago [2010-06-25 09:00:29]

As the article referencece in the appendix says " Whilst full of complex legal jargon, the point is essentially simple one. If you are an investor in a purely British securitisation and things go pear shaped then you expect to get some money back. If however you are an investor in a securitisation that involves a US swap counterparty, however peripherally, then that same pool of assets may disappear as quickly as a British summer's day"

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