Hedge Funds Fight For $250M In Late Lehman Claims

Law360, New York (October 15, 2010, 4:56 PM EDT) -- A group of hedge funds sought on Friday to overturn a bankruptcy judge’s order shutting the door on roughly $250 million in contract-related claims against Lehman Brothers Holdings Inc., contending they were unfairly left out of the loop before a filing deadline.

A lawyer for the funds, Michael M. Krauss of Faegre & Benson LLP, told Judge William H. Pauley in the U.S. District Court for the Southern District of New York that the bankruptcy court was wrong to classify the funds’ failure to submit claims...
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