Mediation Ordered In Lehman Derivatives Feud

By Erin Marie Daly

Law360, New York (August 26, 2009, 6:32 PM ET) -- Lehman Brothers Holdings Inc. is reportedly set to head to the mediation table with creditors in a legal wrangle over the value of derivatives contracts entered into with the failed investment bank.

Judge James Peck of the U.S. Bankruptcy Court for the Southern District of New York agreed with Lehman Wednesday that compulsory mediation would reduce the number of disputes over the contracts, Reuters reported.

But the judge also ruled that the procedures of the dispute resolution process should be refined in light of the number...
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