Lehman Unit Sues MedQuist For $4.4M Consulting Debt

Law360, New York (April 28, 2011, 8:06 PM EDT) -- A Lehman Brothers Holdings Inc. subsidiary under liquidation in Hong Kong filed suit Thursday in New York against medical documentation expert MedQuist Holdings Inc. to obtain $4.4 million allegedly owed under a consulting contract.

Lehman Brothers Commercial Corp. Asia Ltd. claims MedQuist, previously CBay Systems Holdings Inc., has openly refused to pay for consulting services due under a contract it entered in August 2008, roughly a month before Lehman filed for bankruptcy. Despite the fact that CBay’s recent restructuring triggered its payment obligations, the company continues...
To view the full article, register now.