Lehmen Brothers attempt to cross-check Assured Guaranty
On Thursday a bankrupt subsidiary of Lehmen Brothers Holdings noted its intention to cross-check Assured Guaranty. This would move Assured Guaranty away from a summary judgement amid a $1.4bn fee dispute between the companies. The Lehman Brothers subsidiary is seeking the fee after Assured Guaranty terminated a mortgage-linked securities contract between the companies earlier than expected. 
By William Gorta (July 21, 2016, 4:53 PM EDT) -- A bankrupt subsidiary of Lehman Brothers Holdings Inc. attempted Thursday to cross-check Assured Guaranty Ltd. away from its goal of summary judgment in a $1.4 billion fee dispute case in New York state court over the early termination of mortgage-linked securities transactions, causing the insurer to drop the gloves and note that, unlike Lehman, "We are still in business."...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)

Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.

Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS