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Lehman Wins Bid To Inject $325M Into Loan Servicer

Law360 (March 13, 2009, 12:00 AM EDT) -- A judge overseeing the bankruptcy of Lehman Brothers Holdings Inc. has allowed the collapsed investment banking firm to enter into a $325 million mortgage loan purchase plan in order to provide a temporary cash injection to the firm's banking unit Lehman Brothers Bank FSB and loan servicer Aurora Loan Services LLC.

On Friday, Judge James M. Peck filed an order in the U.S. Bankruptcy Court for the Southern District of New York granting Lehman's request to allow the holding company to temporarily buy the mortgages from...
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