BNY can appeal a decision that favors Lehman, a judge says

09/22/2010 | Wall Street Journal, The

U.S. District Judge Colleen McMahon has decided that BNY Corporate Trustee Services can appeal a ruling favorable to Lehman Bros. The order is seen as a possible game changer because the previous ruling influenced settlement negotiations between Lehman Brothers Special Financing and its trading partners in structured-finance transactions. The latest decision might give those counterparties increased bargaining power.

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