Lehman's Swiss Unit Fights For $16B Claim

Law360, New York (January 20, 2012, 5:11 PM EST) -- The liquidator for Lehman Brothers Holdings Inc.'s Swiss subsidiary on Thursday defended its $16 billion in claims in the Chapter 11 case of its parent company, blaming Lehman for delays in the same kind of negotiations that led to huge settlements with 87 other foreign affiliates.

Lehman Brothers Finance AG objected to Lehman's request in New York bankruptcy court to cut a $553 million derivatives-based claim down to just $63 million, as well as to Lehman's move to avoid having to set aside any money in...
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