Lehman Fights To Keep 'Erroneous' €58M Payment

Law360, New York (April 6, 2009, 12:00 AM EDT) -- Lehman Brothers Holdings Inc. is trying to hold on to €58 million ($77 million) that a subsidiary of Japan's largest securities firm, Nomura Holdings Inc., claims it erroneously wired to the bankrupt investment giant on the day Lehman filed for Chapter 11 protection.

Lehman hit Nomura Global Financial Products Inc. with a counterclaim Friday in the U.S. Bankruptcy Court for the Southern District of New York, seeking a judgment that the Japanese firm was obligated to pay the money and Lehman is entitled to keep it....
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