Lehman Fires Back In Metavante Swap Dispute

Law360, New York (January 25, 2010, 1:20 PM EST) -- Lehman Brothers Special Financing Inc. has weighed in on Metavante Corp.'s attempt to reverse a bankruptcy judge's ruling that it owed LBSF more than $6.6 million under a 2007 swap agreement, arguing that Metavante could not suspend payments since it waited too long to terminate the swap.

LBSF lodged its reply brief to Milwaukee-based technology firm Metavante's appeal Friday in the U.S. District Court for the Southern District of New York. The unsecured creditors committee of Lehman Brothers Holdings Inc. joined in the brief.

In its...
To view the full article, register now.