Lehman's Objections Survive In JPMorgan Repo Row

Law360, New York (July 5, 2012, 8:05 PM EDT) -- A New York bankruptcy judge ruled Tuesday for Lehman Brothers Holdings Inc. in a fight over JPMorgan Chase Bank NA's claim in its bankruptcy, denying JPMorgan's motion to strike objections to its claim based on so-called triparty repo transactions.

U.S. Bankruptcy Judge James M. Peck sided with Lehman in the dispute over the value of the claim, finding that its objection should be allowed to go forward in its entirety because motions to strike are generally disfavored and JPMorgan has not fulfilled its heavy burden in...
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