Credit Agricole Loses Bid To Move $34M Lehman Swap Suit

Law360, New York (August 8, 2013, 8:27 PM EDT) -- A New York federal judge on Thursday refused Credit Agricole Corporate and Investment Bank’s bid to move a lawsuit brought by Lehman Brothers Holdings Inc. over $34 million in swap transactions out of bankruptcy court, finding that interpreting the bankruptcy code is at the heart of the dispute.

U.S. District Judge Laura Taylor Swain ruled that Lehman’s adversary complaint relates to a disputed question about the effect of the bankruptcy code on the rights of Lehman and Credit Agricole under a swap agreement that was terminated...
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