Lehman Says Giants Stadium Owes $100M Over Swap Deals

Law360, New York (October 24, 2013, 3:06 PM ET) -- Lehman Brothers Holdings Inc. sued Giants Stadium LLC in New York bankruptcy court Wednesday, alleging the company owned by the New York Giants football team owes it more than $100 million for prematurely terminating interest-rate swap transactions when Lehman filed for bankruptcy.

In a complaint filed with the U.S. Bankruptcy Court for the Southern District of New York, the defunct financial firm alleges that Giants Stadium took extraordinary steps to terminate the swaps and avoid paying tens of millions of dollars after Lehman filed for Chapter...
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