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2nd Circ. Wary Of CarVal's Quest For Lehman Customer Status

By Pete Brush (February 26, 2015, 2:25 PM EST) -- British investment manager CarVal UK Ltd. urged the Second Circuit on Thursday to give it customer status for the purpose of pursuing $44 million in repurchase transaction claims initially lodged by Doral Bank in the liquidation of bankrupt Lehman Brothers Inc., but three appellate judges appeared skeptical of its bid to move up in line....

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