Legal Opinion

FirstBank Puerto Rico v. Giddens (In re Lehman Bros. Inc.)

District Court, S.D. New York

Decided July 7, 2016No. 16 Civ. 00069Published

1Opinion of the Court

OPINION AND ORDER

JED S. RAKOFF, U.S.D.J.

FirstBank Puerto Rico (“FirstBank”) appeals the decision of the United States Bankruptcy Court for the Southern District of New York (Chapman, B.J.), granting the motion of James W. Giddens, Trustee for the SIPA Liquidation of Lehman Brothers Inc. (“the Trustee”) to expunge FirstBank’s claim, and denying First-Bank’s motion for summary judgment. See A3556, A3571. FirstBank’s claim sought treatment as a “customer” within the meaning of the Securities Investor Protection Act (“SIPA”) and recovery of certain securities or, in the alternative, the market…

2Cases cited8 opinions

Montana v. United StatesSupreme Court of the United States · 1979
Continental Insurance v. Atlantic Casualty InsuranceCourt of Appeals for the Second Circuit · 2010
O'Rourke v. United StatesCourt of Appeals for the Second Circuit · 2009
In Re Klein, Maus & Shire, Inc.United States Bankruptcy Court, S.D. New York · 2003
Kruse v. Securities Investor Protection Corp.Court of Appeals for the Second Circuit · 2013

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