Lehman, Creditors Slam Minibond Appeal Effort

By Christie Smythe

Law360, New York (March 08, 2010, 2:34 PM ET) -- A Lehman Brothers Holdings Inc. unit and the bankrupt company's unsecured creditors have urged a judge not to revive a lawsuit brought by investors in minibonds, arguing that the plaintiffs do not have standing to pursue $1.5 billion in collateral Lehman has laid claim to.

Lehman Brothers Special Financing Inc. and the official committee of unsecured creditors in the case filed briefs Friday with the U.S. District Court for the Southern District of New York in the investors’ appeal of a bankruptcy court order rejecting an...
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