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Swap Agreements Clawbacks Lehman Brothers

Hogan Lovells

Lehman Brothers swap clawback effort rejected By Second Circuit

Hogan Lovells on

The Second Circuit ruled last week in Lehman Bros. Special Fin. Inc. v. Bank of Am. Nat'l Ass'n, No. 18-1079 (2d Cir. 2020) that a Lehman Brothers affiliate cannot claw back $1 billion in payments made pursuant to swap...more

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