Neb. Finance Authority Calls Lehman Stay 'Unfair'

Law360, New York (October 14, 2010, 4:46 PM EDT) -- The Nebraska Investment Finance Authority has called Lehman Brothers Holdings Inc.'s September motion to stay all avoidance actions in its bankruptcy “unfair” because doing so would bar the quasigovernmental agency from responding to a suit over eight interest rate swap transaction agreements worth $12.7 million that it had with a Lehman unit.

In a limited objection filed Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, NIFA noted that Lehman's lawsuit was filed Oct. 4, more than two weeks after the failed...
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