Law360, New York (October 06, 2009) -- The derivatives trading subsidiary of American International Group Inc. told a bankruptcy judge Tuesday that Lehman Brothers Special Financing Inc. did not meet its obligation to make premium payments to the unit, in a fight over who owes whom under a credit default swap contract.
AIG CDS Inc.'s objection, filed in the U.S. Bankruptcy Court for the Southern District of New York, comes in response to Lehman's Aug. 7 motion seeking an order compelling the...
