Assured Guaranty Calls $1B Lehman Suit A Stretch

Law360, New York (September 27, 2012, 3:51 PM EDT) -- An attorney for a subsidiary of monoline insurer Assured Guaranty Ltd. told a New York judge Thursday that Lehman Brothers Holdings Inc.'s bankrupt British subsidiary was overreaching in its demand for a $1.4 billion fee for early termination of a mortgage-linked securities transaction contract. 

Thomas J. Moloney of Cleary Gottlieb Steen & Hamilton LLP, who represents Assured Guaranty's AG Financial Products Inc., said two of Lehman Brothers International (Europe)'s claims are trying to improperly expand the scope of its suit over the proper method of calculating...
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