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Lehman Judge Fumes At RMBS Trusts' Distribution Moves

Law360, New York (April 19, 2018, 10:22 PM EDT) -- Trustees for investors who bought toxic residential mortgage-backed securities from Lehman Brothers Holdings Inc. before the 2008 financial crisis got an earful Thursday from a New York bankruptcy judge who fumed that their concerns over how to distribute funds from a $2.4 billion settlement could have been raised months ago.

The hearing Thursday was put in motion by a group of institutional investors that want any matters regarding the distribution of their shared recoveries from the Lehman estate to take place in U.S. Bankruptcy Judge Shelley...
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