Bank of America, N.A. v. Lehman Bros. Holdings Inc. (In Re Lehman Bros. Holding Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that section 553 incorporates any preexisting setoff right that may exist under state law
• noting that section 553 incorporates any preexisting setoff right that may exist under state law
• “Section 553 of the Bankruptcy Code does not provide for an independent right of setoff[.]”
• “Section 553 of the Bankruptcy Code does not provide for an independent right of setoff[.]”
• “[T]he ultimate objective in interpreting an agreement is to determine “the intention of the parties as derived from the language employed.”
• “[C]ourts typically accord full force and effect to boilerplate language within a contract.”

Source: CourtListener parenthetical corpus (CC0).