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Lehman Seeks Appeal of Ruling That Boosts Deutsche Bank’s Payout

  • Court of Appeal found in favor of ECAPS holders in October
  • Noteholders also include Barclays, Farallon and Carval
The former headquarters of Lehman Brothers in New York in 2008.

The former headquarters of Lehman Brothers in New York in 2008.

Photographer: Mario Tama/Getty Images

Lehman Brothers Holdings Inc., parent of the firm that went bankrupt during the 2008 financial crisis, is seeking to reverse a U.K. ruling that would cut recoveries for its creditors. 

LBHI and another unit of the lender are asking the U.K.’s highest court to review an October decision that pushed the parent company further back in line to be repaid as part of U.K.-based insolvency proceedings. There are still hundreds of millions of dollars at stake.