Lehman Seeks To Stanch Loss By Restricting Trades

Law360, New York (October 15, 2008, 12:00 AM EDT) -- Lehman Brothers Holdings Inc. has asked a bankruptcy court to allow it to protect the potential value of certain tax attributes in order to enhance the debtors' cash position by imposing restrictions on equity trading of its stock.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, LBHI requested approval to establish procedures to protect the potential value of LBHI's consolidated net operating tax loss carryforwards and certain other tax attributes by restricting certain trading of its equity...
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