Flip-clause Claims Against Ballyrock Upheld by Lehman Court | Practical Law

Flip-clause Claims Against Ballyrock Upheld by Lehman Court | Practical Law

An update on a Lehman Bankruptcy Court decision denying defendant Ballyrock's motion to dismiss Lehman's claims that a provision in a CDO-related swap agreement operates as a prohibited ipso facto flip clause.

Flip-clause Claims Against Ballyrock Upheld by Lehman Court

Practical Law Legal Update 1-506-1163 (Approx. 6 pages)

Flip-clause Claims Against Ballyrock Upheld by Lehman Court

by PLC Finance and Practical Law Bankruptcy & Restructuring
Published on 19 May 2011USA (National/Federal)
An update on a Lehman Bankruptcy Court decision denying defendant Ballyrock's motion to dismiss Lehman's claims that a provision in a CDO-related swap agreement operates as a prohibited ipso facto flip clause.