Lehman Judge Disses FHFA's Bid For $1B Claim Priority

Law360, New York (October 24, 2013, 4:02 PM ET) -- The judge overseeing Lehman Brothers Holdings Inc.’s liquidation on Thursday told attorneys for Freddie Mac and the Federal Housing Finance Agency that they are unlikely to prevail in their bid to have their $1.2 billion claim against the defunct bank’s estate heard outside of bankruptcy.

U.S. Bankruptcy Judge James M. Peck said at a hearing Thursday that Freddie and its conservator, the FHFA, have almost no chance of convincing a federal district court to hear their challenge to Lehman’s motion to demote their $1 billion claim from...
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