A bankruptcy judge ordered Bank of America to return $500m (€370m) it seized from Lehman Brothers shortly after the failed investment bank filed for Chapter 11 protection.
Judge James Peck of the US Bankruptcy Court in Manhattan said in a ruling Tuesday that Bank of America's post-bankruptcy seizure of funds that Lehman had posted as collateral before its Chapter 11 filing, was "brazen unauthorised and impermissible."
