Lehman's ADR Procedures Bid Inspires Objections

Law360, New York (December 9, 2010, 4:10 PM EST) -- Several parties including Aviva SpA and Deutsche Bank National Trust Co. have taken issue with Lehman Brothers Holdings Inc.'s bid for bankruptcy court approval to implement alternative dispute resolution procedures covering the debtor's claims stemming from special purpose vehicle derivatives transactions.

Aviva, Deutsche Bank and others filed objections to Lehman's Nov. 24 motion in the U.S. Bankruptcy Court for the Southern District of New York on Wednesday. Bank of America NA filed a limited objection Thursday.

When Lehman and its subsidiaries filed for bankruptcy protection in...
To view the full article, register now.