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RMBS Trustees Defend $11.4B Breach Claim Against Lehman

By Dorothy Atkins (October 19, 2017, 9:16 PM EDT) -- Residential mortgage-backed securities trustees and Lehman Brothers Holdings Inc. squared off in New York bankruptcy court Thursday on the value of claims submitted in the wake of the financial crisis, with the trustees arguing that their "straightforward breach of contract claims" are worth $11.4 billion, while the shuttered bank argued they're worth $2.38 billion or less....

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