Creditor Elliott Seeks Bigger Role In Lehman Hedging

Law360, New York (March 5, 2009, 12:00 AM EST) -- Private equity firm Elliott Associates LP and several of its affiliates have objected to bankrupt Lehman Brothers Holdings Inc.’s request to enter hedging agreements for certain derivative contracts held by the investment bank, saying that Elliott and other unsecured creditors need to play a greater role in such decisions.

Elliott Associates LP, Elliott International LP, the Liverpool LP, Springfield Associates LLC and Kensington International Ltd. filed a supplemental objection Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, alleging that Lehman failed...
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