Lehman minibond resolution may be approved despite dissent

Lehman minibond resolution may be approved despite dissent

Minibond note holders have a claim to the underlying collateral in the event of default caused by Lehman Brothers Special Financing

Minibind holders applied to the Southern District of New York bankruptcy court on April 5 requesting it not make an order allowing collateral to be released under a derivatives procedures order. Holders of the credit-linked notes are fearful their rights to further litigation would be compromised if the court agrees to the resolution.

But lawyers at Allen & Overy, which advises PricewaterhouseCoopers (PwC), one of Lehman Brothers' bankruptcy trustees, believe this latest resolution from banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: