Lehman Judge Stays More Than 50 Adversary Suits

Law360, New York (October 20, 2010, 6:27 PM EDT) -- A bankruptcy judge has imposed a nine-month stay on more than 50 lawsuits launched by Lehman Brothers Holdings Inc. against parties involved in financial contracts with the former investment bank, including Deutsche Bank National Trust Co. and BNP Paribas.

Judge James M. Peck issued an order during a hearing Wednesday in the U.S. Bankruptcy Court for the Southern District of New York imposing the blanket hiatus at Lehman’s request and urging parties to use the time to either reach settlements or engage in alternative dispute resolution....
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