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Supreme Court throws out currency conversion claims in Lehman Waterfall I ruling

By Richard Woolley

18 May 2017

Supreme Court throws out currency conversion claims in Lehman Waterfall I ruling Wikimedia commons/Rwendland

The UK’s highest court has denied additional payments to creditors with unsecured US dollar-denominated claims against Lehman Brothers’ European arm, who argued they would offset the fall in the pound between the date of the group’s administration and the date they were paid.