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Lehman Scraps in Dispute as Deutsche Bank Makes Legal Bid

  • German lender leads court appeal on Lehman’s ECAPS notes
  • Successful ruling could see Deutsche Bank’s payout balloon
The Lehman Brothers headquarters in New York on Sept. 15, 2008.
The Lehman Brothers headquarters in New York on Sept. 15, 2008.Photographer: Nicholas Roberts/AFP/Getty Images
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More than 13 years after Lehman Brothers filed for bankruptcy, the fight for the last scraps of its carcass is still going on.

Deutsche Bank AG is leading a last-ditch legal bid to squeeze more from a bet it made on obscure notes issued by Lehman in the years before the U.S. bank’s collapse.