RBF Law Case Discussed in Law360 Article “Lehman Judge Signs Off On MBS Claims Estimation Deal”

A compromise years in the making to resolve claims against Lehman Brothers for selling billions of dollars’ worth of dud mortgage-backed securities before its collapse by using a court-assisted estimation process was approved by a New York bankruptcy judge Thursday, who hailed the deal as “impressively robust.”

The multiparty deal approved by U.S. Bankruptcy Judge Shelley C. Chapman stipulates that Lehman Brothers Holdings Inc. will waive its right to challenge the court’s ultimate determination of what the defunct firm owes investors for the repurchase of MBS that lost value in the financial crisis.

Read the full article here.

Learn more about Michael Rollin and Maritza Dominguez Braswell.