Lehman seeks court approval to gain funds, repay debts

The move would help it pay off more than a half-billion dollars worth of brokered certificates of deposit, The Wall Street Journal reported.

Court papers reveal that Lehman said it wants to provide Aurora Bank FSB, formerly Lehman Brothers Bank FSB, with $450 million to shore up the banks liquidity and provide another $500 million in short-term financing to the bank's servicing unit, the WSJ reports.