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LEHMAN BROTHERS HOLDINGS INC. v. AMERICAN FEDERAL MORTGAGE CORPORATION
Case Number:
2:11-cv-01163
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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September 28, 2011
Lehman, Mortgage Co. Reach Deal In Loan Sale Suit
In response to a confidential settlement, a New Jersey federal judge on Wednesday dismissed Lehman Brothers Holdings Inc.'s lawsuit alleging American Federal Mortgage Corp. breached a contract by misrepresenting the quality of the loans it sold to the bankrupt investment bank.
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July 29, 2011
Mortgage Co. Seeks Defense in Lehman Contract Suit
American Federal Mortgage Corp. on Friday sued certain underwriters at Lloyd's of London in New Jersey, saying the insurer is obligated to defend and indemnify AFMC in a breach of contract suit brought by bankrupt investment banking giant Lehman Brothers Holdings Inc.