Lehman Brothers Holdings Inc. lost two fights with creditors, with a bankruptcy judge dismissing claims seeking to recover money from Intel Corp. and the public housing authority of Michigan.
Lehman, which is liquidating itself pursuant to a court-approved bankruptcy plan, had sought to recover hundreds of millions of dollars from Intel, which it claimed the computer giant wrongfully held as collateral under a swap agreement. It sought to recover about $23 million from the Michigan State Housing Development Authority, or MSHDA, under a different swap agreement.
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