2nd Circ. Tells Court To Hear Bankruptcy Appeal In Dante Case

Law360, New York (October 4, 2012, 6:30 PM EDT) -- The Second Circuit ruled Thursday that a lower court wrongly tossed an appeal of a bankruptcy court's order stopping the liquidators of Lehman Brothers Australia Ltd. from wading into an adversary proceeding involving the controversial Lehman Brothers Special Financing Inc.-connected Dante program.

A three-judge panel held that the New York bankruptcy court’s order, which declined to let the liquidators of LBA and a group of so-called Dante noteholders intervene in one of more than 50 adversary proceedings brought by LBSF, is a final appealable order that...
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