... of the Bankruptcy Code’s “safe harbor” provisions for swap agreements. Design/methodology/approach – By examining the background of, and arguments presented in, the ongoing adversary proceeding, Moore Macro Fund, LP v. Lehman Brothers Holdings Inc., and the related bankruptcy case, in re Lehman Brothers...

... to their counterparty. Design/methodology/approach The paper explores the arguments made in favor of and against treating TBA contract claims as “customer claims” under SIPA in the Lehman Brothers Inc. SIPA proceeding and the resulting decision of the United States Bankruptcy Court for the Southern District of New...

.../approach The paper describes the SEC's complaint that Barclays purchased and sold securities while it was aware of material nonpublic information and discusses the implications of the resulting settlement and lessons that should be learned, including a warning for members of committees in bankruptcy cases...