Lehman Creditors Allowed To Intervene In €58M Spat

Law360, New York (May 4, 2009, 12:00 AM EDT) -- The judge overseeing Lehman Brothers Holdings Inc.'s Chapter 11 case has allowed a creditors committee to intervene in a spat over €58 million ($77 million) that a Japanese firm claims it erroneously wired to the erstwhile investment giant.

On Friday, Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York allowed the committee of unsecured creditors to intervene in the adversary case filed by Nomura Global Financial Products Inc. — a subsidiary of Japan's largest securities firm, Nomura Holdings Inc....
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