- 11 U.S.C.
Lehman Bros. Special Fin. v. Ballyrock ABS CDO-2007-1 Ltd. (In re Lehman Bros. Holdings)
May
12
2011
Ruling
Swap agreement with entity related to debtor was improperly terminated pursuant to ipso facto clause.
Procedural posture
Plaintiff company, which was involved in a swap agreement with defendant company, filed an adversary proceeding against defendant when defendant took steps to terminate the swap after the debtor, which was related to plaintiff, filed a Chapter 11 petition. Defendant filed a motion to dismiss for failure to state a claim upon which relief could be granted.
ABI Membership is required to access the full summary of Lehman Bros. Special Fin. v. Ballyrock ABS CDO-2007-1 Ltd. (In re Lehman Bros. Holdings) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: