Law360, New York (July 21, 2016, 4:50 PM EDT) -- A Manhattan bankruptcy judge on Thursday signed off on Lehman Brothers Holdings Inc.’s challenge to approximately $63 million in claims by other banks and financial services companies, which Lehman argued had already been satisfied.Lehman in early June objected to the group of eight claims totaling more than $63 million, saying that those claims had already been paid off in a settlement with affiliate Lehman Brothers Asia Holdings Ltd.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.“The relief sought in the... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Lehman Brothers has received approval from a Manhattan bankruptcy judge to challenge $63m in claims by other banks and financial services. The approval comes after Lehman objected to the eight claims, suggesting that it had already satisfied the required payment.