Lehman opts to settle over Dante flip-clause transactions
A joint motion, filed on November 17 in the US Bankruptcy Court for the Southern District of New York by Lehman Brothers Special Financing (LBSF) - the swap counterparty to the Saphir notes - and the Official Committee of Unsecured Creditors of LBHI, states: "[We] respectfully move this Court to promptly stay this appeal for 90 days pending the closing of a settlement of this dispute between the only two stakeholders here, LBSF and Perpetual... the sole Noteholder."
It is unclear at this point
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