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Lenders Say Lehman Mortgage Row Not For Bankruptcy Court

Law360, New York (July 17, 2017, 6:58 PM EDT) -- Several mortgage originators that Lehman accuses of selling the faulty mortgages that led the failed investment bank to pay more than $1.2 billion in settlements argued Friday that Lehman’s claims are state law complaints that do not belong in New York bankruptcy court.

The group of 23 originators said that the claims they sold Lehman Brothers Holdings Inc. bad mortgages and forced it into the settlement have no connection to the firm’s Chapter 11 plan and that the bankruptcy court has no jurisdiction.

“Resolving LBHI’s claims...
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