Bank Of New York Spars With Lehman Creditors

Law360, New York (July 16, 2010, 1:30 PM EDT) -- Bank of New York Mellon Trust Co. is fighting creditors of Lehman Brothers Holdings Inc. over their objection to the debtors' blueprint for reorganization, saying their challenge appears to have been made on behalf of a few individual bondholders who are merely grabbing for a higher recovery at the expense of subsidiary creditors.

In a filing Thursday in the U.S. Bankruptcy Court for the Southern District of New York, the bank — which is indenture trustee for the holders of over $700 million in claims related...
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