In re Lehman Bros.
Jan
27
2014
Ruling
Claim by prime brokerage customer of debtor subordinated to claim of general unsecured creditors as arising from purchase or sale of securities.
Issue(s)
Should claim of a prime brokerage customer of Lehman Brothers for breach of contract damages due to failure to execute an order for the sale of Lehman Brothers Holding bonds placed days before the Lehman collapse be subordinated to claims of general unsecured creditors.
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Court
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