JPMorgan argues Bankruptcy Court shouldn't decide Lehman case

08/8/2011 | Bloomberg

Lehman Brothers Holdings' case that alleges that JPMorgan Chase hastened Lehman's fall must be heard by a U.S. District Court rather than a Bankruptcy Court, JPMorgan argued in a court filing. JPMorgan cited the U.S. Supreme Court's ruling in Stern v. Marshall -- the Anna Nicole Smith case -- in making its argument, although Lehman disputed the interpretation of that case. Other recent cases, including one involving financier Bernard Madoff, also have affected the power of bankruptcy courts.

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