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In re Lehman Bros. Holdings

In re Lehman Bros. Holdings

Ruling
Mortgage-backed securities were not "securities of the debtor or an affiliate" and related claim was not subject to subordination.
Issue(s)
Were claims based on mortgage backed securities claims concerning a security "of the debtor or of an affiliate of the debtor," which should be disallowed?

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Commercial opinion summary, case decided on July 28, 2014 , LexisNexis #0814-086