List shows that Lehman seeks big liability haircuts

By Mike Peterson

Monday, November 08, 2010

Lehman Brothers’ bankruptcy lawyers are seeking to trim 20% to 30% from the value of many of its liabilities, including many CSOs

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Comment by: Anonymous. Posted 13 years ago [2010-11-09 23:11:12]

It is the more the gall of Lehman to make such a claim and waste everyone's money going to court over it. If you look at many of Judge Peck's recent decisions regarding Lehman they have a reasonable chance...............and then of course it will have to be appealed if Peck doesn't quash it

Comment by: Anonymous. Posted 13 years ago [2010-11-09 01:42:58]

To be fair, the Court hasn't sanctioned this apparently outrageous claim. Let's wait to see how this plays out.

Comment by: Anonymous. Posted 13 years ago [2010-11-08 20:50:10]

It is all simply a policy of vexatious litigation santioned by a very americentric US bankruptcy court. It is a sure bet that non of those on the Lehman creditors committee own any of these notes. Longer term it is bad for the market as those outside the US will simply not wish to deal with US Investment Banks because no matter what the documentation says you'll always get touched by the toilet brush of the US legal system

CLOs

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