SIPA Bars General Unsecured Claims for Failure to Transfer Accounts Before Filing
The trustee for a bankrupt broker can ignore an individual customer’s request to transfer securities to a solvent broker and may instead transfer customer accounts in bulk.
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Case Details
Judge Name
Case Citation
In re Lehman Brothers Holdings Inc., 17-3762 (S.D.N.Y. March 22, 2018)
Case Name
In re Lehman Brothers Holdings Inc.
Case Type
Business