Big Claims Pile Up Ahead Of Lehman Deadline

Law360, New York (September 25, 2009, 3:57 PM EDT) -- On the eve of the deadline for filing claims against bankrupt Lehman Brothers Holdings Inc., a slew of major financial institutions — including Bank of America NA, U.S. Bank NA and Ambac Financial Corp. — lined up to seek the recovery of billions from the fallen investment firm.

Among some of the big-money, last-minute creditor claims filed against the Lehman estate a day before the Sept. 22 cut-off were Ambac subsidiary Ambac Assurance Corp's combined $1.3 billion claim, related to mortgage securitization; German national bank Deutsche...
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