American Home Mortg. Inv. Corp. v. Lehman Bros. Inc. (In re American Home Mortg. Holdings Inc.)

Ruling: 
Safe harbor provisions applied to brokerage under master repurchase agreement with debtor.
Procedural posture: 
Plaintiff debtor filed a complaint against defendants, a brokerage and related affiliates, for breach of contract, turnover of property of the estate, conversion, unjust enrichment, and declaratory judgment. The first three requests for declaratory judgment centered on whether the "safe harbor" protections of 11 U.S.C.S. §§ 559 and 555 applied to a transaction with the brokerage. The brokerage moved to dismiss.
Issue: 
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Commercial case opionion summary, case decided on May 23,2008, LexisNexis #0608-116