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

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