NY Hits Lehman Up For $1.2B In Unpaid Taxes

Law360, New York (September 14, 2009, 2:01 PM EDT) -- With the claims deadline looming in the Lehman Brothers Holdings Inc. bankruptcy, the estate has been flooded with claims, including one from New York state seeking more than $1.2 billion in unpaid taxes and interest from the investment firm.

The claim — filed Thursday in the U.S. Bankruptcy Court for the Southern District of New York by the New York Department of Taxation and Finance — argues that Lehman owes the state in excess of $1.217 billion on a variety of corporate, sales and other taxes,...
To view the full article, register now.