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Article: United States : Ambac, BofA, German central bank add to Lehman claims.

Article from:
TendersInfo
Article date:
September 30, 2009
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Ambac Financial Group (ABK.N), Bank of America (BAC.N) and Germany's central bank are among new entities claiming assets against Lehman Brothers (LEHMQ.PK) after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.

Claims administrator Epiq Systems added the new claims to its Web site on Friday after a deadline for posting demands relating to derivatives and other transactions passed this week.

Ambac Assurance, the bond insurance arm of Ambac Financial, has filed around $1.3 billion in claims relating to mortgage securitizations.

Bank of America and Merrill Lynch also posted claims against derivatives they held ...

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