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Insurer Defeats Lehman Brothers Foreign Unit's Attempt to Recover Alleged $485 Million Loss | Pillsbury Winthrop Shaw Pittman LLP

New York state court ruled that a non-defaulting insurer’s valuation under the 1992 ISDA Master Agreement was commercially reasonable and in good faith and was not required to rely on. ....

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New York Court Upholds Alternative Valuation Method for CDS Terminated During the 2008 Financial Crisis | Dechert LLP

As market participants debate whether the recent bank shutdowns and the government-sponsored sale of Credit Suisse may be a precursor for another “Lehman Moment,” we are reminded of yet. ....

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