'Flip' clause in swap violates US bankruptcy law, Lehman s...

11/07/11

'Flip' clause in swap violates US bankruptcy law, Lehman says
Thomson Reuters News & Insight
7 (Westlaw Journals) - Bankrupt Lehman Bros. Special Financing Inc. is seeking a court ruling that a “flip” clause in a complex securities transaction does not terminate its right to a priority claim in a dispute with Bank of New York Mellon. ...