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Lehman's Bid For Preferred Stock Swap Comes Under Fire
June 7, 2018
Seeking to block Lehman Brothers Holdings Inc. from issuing preferred stock as a substitute for potentially more valuable creditor interests in U.K.-based debt instruments, attorneys for Barclays Bank and Deutsche Bank argued Thursday that Lehman’s bankruptcy court request is a bid to rewrite history.
At a New York bankruptcy court hearing, counsel for the defunct investment bank argued that it should be permitted to issue and make available preferred stock to substitute for equity securities previously issued by five nondebtor Lehman partnerships based in the U.K
Lehman's Bid For Preferred Stock Swap Comes Under Fire - Law360
June 7, 2018
Seeking to block Lehman Brothers Holdings Inc. from issuing preferred stock as a substitute for potentially more valuable creditor interests in U.K.-based debt instruments, attorneys for Barclays Bank and Deutsche Bank argued Thursday that Lehman’s bankruptcy court request is a bid to rewrite history.
At a New York bankruptcy court hearing, counsel for the defunct investment bank argued that it should be permitted to issue and make available preferred stock to substitute for equity securities previously issued by five nondebtor Lehman partnerships based in the U.K
Lehman's Bid For Preferred Stock Swap Comes Under Fire - Law360