Flip Flop On Flip Clauses Continues

Lehman Brothers Special Financing Inc.'s pending appeal against the judgments of the U.K. High Court and the Court of Appeal in the so-called "flip clause cases," concerning the enforceability of flip clauses, is scheduled to be begin with Belmont Park Investments Pty Limited (Belmont Park Investments Pty Limited v BNY Corporate Trustee Services Limited and Lehman Brothers Special Financing Inc (UKSC 2009/0222)) on March 1, 2011.