Lehman Unit Seeks Coverage In $15M SunCal Bankruptcy Fight

Law360, New York (October 23, 2012, 6:10 PM EDT) -- A subsidiary of defunct Lehman Brothers Holdings Inc. on Monday asked a federal judge to force Fidelity National Title Insurance Co. to cover it for another company's $15 million claim in a California real estate investment that went bust during the financial crisis.

In its motion for summary judgment, Lehman Commercial Paper Inc. says the policy exclusion the insurer has cited does not apply to the lien claim filed by the property's seller. The motion also denies Fidelity's claims that Lehman hadn't cooperated in the insurer's...
To view the full article, register now.