In re Lehman Bros. Holdings

Ruling: 
Relief from order for sale of debtor's investment banking business denied where new information would not have changed outcome.
Procedural posture: 
Movants, including the Official Committee of Unsecured Creditors (Committee) and the Trustee of debtor under the Securities Investor Protection Act (the SIPA Trustee), sought relief under Fed. R. Civ. P. 60(b) from an order approving the sale of debtor's assets to a buyer. The buyer filed a related motion to secure delivery of certain disputed assets.
Issue: 
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Commercial case opionion summary, case decided on February 22,2011, LexisNexis #0311-041