Lehman Stresses Tax Exemptions Amid $6.5B Archstone Sale

Law360, New York (January 8, 2013, 10:33 PM EST) -- Lehman Brothers Holdings Inc. on Monday sought a bankruptcy court order clarifying that it will not face government taxes on transfers of securities and other such transactions with potential buyers, following the recent announcement of its $6.5 billion sale of apartment developer Archstone Enterprise LP.

In a motion filed in New York bankruptcy court, the collapsed investment bank sought the order to alleviate its “administrative burden” in implementing its third amended Chapter 11 plan. The court approved the plan in December 2011 and it went into...
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