The remnants of Lehman Brothers Holdings Inc. is suing the New York Giants for more than $100 million it says it's owed for a soured interest-rate swap tied to the financing of the football team's stadium, Dow Jones Daily Bankruptcy Review reported today. Giants Stadium LLC was set up by the team's owners, the Mara and Tisch families, to fund the construction of the team's new home field, now called MetLife Stadium.
To finance the stadium, the Giants unit issued $650 million in bonds, the bulk of which were underwritten by Lehman.
