| Lehman Brothers |
 |
| Date of Funding: | 18 Jun 2009 |
| Plaintiff: | In proceedings to set aside the Deed of the Company Arrangement ('DOCA'), the plaintiffs are City of Swan and Parkes Shire Council. |
| Defendant: | Lehman Brothers Australia Limited (subject to a Deed of Company Arrangement), the Deed Administrators and Lehman Brothers Asia Holdings Limited (in liquidation). |
| Court: | Federal Court (NSW) |
| Cause of Action: | The cause of action is initially a claim that the DOCA be set aside. If that claim is successful (and subject to sufficient sign up of funding agreements) then the claims of entities who purchased CDO's through, or from, Lehman's will be pursued. |
| Estimated Completion: | TBA |
| Important Date(s): | | 05-Jun-2009 : | Proceedings commenced. | | 22-Jun-2009 : | Points of Claim filed. | | |
|
| Current Stage: | Pleading and formulation of a separate question to be heard by the Court. |
| | Last Updated: 26/08/2009 |
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