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Lehman Told It Can Tap $15M Excess D&O Policy

By Christie Smythe ( November 24, 2009, 5:36 PM EST) -- With expenses in ongoing litigation against the investment company's directors and officers approaching the $20 million mark, a judge has allowed bankrupt Lehman Brothers Holdings Inc. to tap excess liability insurance coverage from the Chubb Group of Insurance Cos. to pay for the mounting legal bills....

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