Mandatory Subordination of Affiliate Securities Claims

ANZ Securities, Inc., et al. v. Gibbons (In re Lehman Bros.), No. 14-3686, 2015 WL 8593604 (2d Cir. Dec. 14, 2015) (“Second Circuit Decision”); In re Lehman Bros., 519 B.R. 434, 450-51 (S.D.N.Y. 2014) (“District Court Decision”); In re Lehman Bros, 503 B.R. 778, 787 (Bankr. S.D.N.Y. 2014) (“Bankruptcy Court Decision”), aff’d on other grounds, 519 B.R. 434 (S.D.N.Y. 2015).