Lehman Brothers Holdings Inc. lost a bid for a revised ruling on its $8.6 billion lawsuit against JPMorgan Chase & Co. when the judge said that he was satisfied with the way he had dealt with the issues, Bloomberg News reported today. Bankruptcy Judge James Peck in April dismissed some of the defunct investment bank's claims, leaving others in place. Lehman, which is gathering money for a second payment to creditors, said that it might gain hundreds of millions of dollars if he reinstated some claims he dismissed. Judge Peck declined in an order signed yesterday. In a July 12 hearing, Judge Peck told Lehman that it had other ways of recovering money from JPMorgan.
