In re Lehman Bros. Inc.

Ruling: 
Bank ordered to turn over collateral held under terminated swap agreement, which could not be used to satisfy debts owed to affiliate.
Procedural posture: 
Debtor declared chapter 11 bankruptcy, and a federal district court issued a liquidation order and approved the appointment of a trustee under the Securities Investor Protection Act of 1970, 15 U.S.C.S. § 78aaa et seq. The trustee sought an order requiring a bank to turn over collateral it held that belonged to the debtor, and the bank filed a cross-motion for an order enforcing an agreement it entered with the debtor.
Issue: 
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Commercial case opionion summary, case decided on October 04,2011, LexisNexis #1011-124