Lehman Brothers Holdings Inc. sued a company created by the New York Giants football team over claims it’s owed $100 million for early termination of interest-rate swap transactions when Lehman filed for bankruptcy.
Giants Stadium LLC asked a New York bankruptcy court to require collapsed investment bank Lehman Brothers Holdings Inc. to provide information on how it hedged auction-rate securities swaps dating to 2007.
Lehman Brothers Holdings Inc. seeks to force Giants Stadium LLC to produce documents related to its role as partner in an interest-rate swap deal, according to a court filing. Giants Stadium had a $301.8 million claim on bankrupt Lehman and its derivatives unit, which it sold in July, according to filings.
Giants Stadium LLC is seeking documents from defunct Lehman Brothers Holdings Inc. in an effort to prove claims it filed against the former investment bank relating to swaps on a $700 million financing of the New Meadowlands stadium.
James Cassella says he wants the New York Giants to win their National Football League conference championship game against the San Francisco 49ers and then lose a fight against paying property taxes on their training center.
“Taksim is like hell today,” Ali Berktay, a Turkish publishing executive, wrote me in an email yesterday from central Istanbul. He was telling me about his jailed sister, the writer and pro-Kurdish activist Ayse Berktay. But first, the square.
New Jersey elected officials and their aides may continue to enjoy priority access to concerts at government-owned arenas after the State Ethics Commission concluded it had no authority to bar the practice.