U.S. Bankruptcy Judge Shelley C. Chapman granted the objections, setting aside claims by banking giants such as JPMorgan Chase Bank NA and Deutsche Bank AG, among others. Lehman Brothers has received approval from a Manhattan bankruptcy judge to challenge $63m in claims by other banks and financial services. The New York state court of appeals on Friday ruled that the bank had failed to prove it was entitled to recover money for its role as an adviser to Bear Stearns during the 2008 crisis.
Lehman Brothers has received approval from a Manhattan bankruptcy judge to challenge $63m in claims by other banks and financial services. The New York state court of appeals on Friday ruled that the bank had failed to prove it was entitled to recover money for its role as an adviser to Bear Stearns during the 2008 crisis.