BRADENTON, Fla. — Lehman Brothers Special Financing Inc. claims the Bank of New York Mellon is improperly withholding swap payments associated with $3.2 billion of defaulted sewer warrants sold by bankrupt Jefferson County, Ala.

Lehman claims that just over $1 million in swap payments are on parity with sewer warrants, and that it should be paid along with sewer system creditors.

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