Hedge Fund Group Backs Lehman Trustee's Appeal Over Sale

Law360, New York (October 1, 2012, 8:38 PM EDT) -- A hedge fund advocacy group filed an amicus curiae brief Saturday telling the Second Circuit that a New York federal court's ruling in Lehman Brothers Inc.'s bankruptcy will cause a “substantial loss of confidence” in the capital markets and must be overturned.

The Managed Fund Association, which says it represents the global alternative investment industry, takes issue with U.S. District Judge Katherine B. Forrest's June 5 ruling largely siding with Barclays PLC in its multibillion-dollar dispute with the liquidation trustee for LBI, Lehman Brothers Holdings Inc.'s...
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