Lehman lender asks court to OK transfer of $25 million promissory note

By Lisa Kerner

Charlotte, N.C., Aug. 30 - Lehman Brothers Holdings Inc. lender Taipei Fubon Commercial Bank Co., Ltd. wants to transfer its interests in a March 8, 2005 $25 million promissory note and its attendant claims against Lehman, according to a Monday filing with U.S. Bankruptcy Court for the Southern District of New York.

A hearing is set for Sept. 22.

Lehman declined Fubon's request to transfer its interest in the note, the filing said.

Fubon said that other than payment of the claim by Lehman, there is no further business to be conducted between the parties, making the identity of the party holding Fubon's interest in the promissory note irrelevant to Lehman.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company filed for bankruptcy on Sept. 15, 2008. Its Chapter 11 case number is 08-13555.

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