HK Lehman minibond resolution may be approved despite bond-holder dissent

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On April 5, minibond holders applied to the Southern District of New York bankruptcy court requesting it not make an order that would allow collateral to be released under a derivatives procedures order (DPO). These holders of credit-linked notes, dubbed ‘minibonds', are fearful their rights to further litigate would be compromised if the bankruptcy court agrees to the resolution. They are still seeking the full return of their investments, despite distributing banks sweetening their offer of

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