TBA Contracts Bar Morgan Stanley's, Others' Claims Against Lehman Bros.

NEW YORK - A federal bankruptcy judge in New York on Dec. 9 ruled that Morgan Stanley Investment Management Inc. and a pair of bond managers cannot make customer claims in the Lehman Brothers Inc. bankruptcy case because "to-be-announced" (TBA) contracts do not qualify as customer claims (In re: Lehman Brothers Inc., No. 08-01420, S.D. N.Y. Bkcy.). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com