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RSL Investors Lose Bid To Go After Lehman Insurer

Law360 (December 2, 2010, 7:18 PM EST) -- A bankruptcy judge has denied a bid by RSL Communications Inc. investors to seek insurance coverage for as much as $75 million in damages over Lehman Brothers Holdings Inc.'s alleged issuance of misleading securities research reports.

Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York on Wednesday denied the investors' motion for relief from automatic stay, which they filed to seek insurance coverage from Lehman insurer Lloyd's of London.

The order issued Wednesday did not reveal Judge Peck's reasoning...
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