Lehman Wants $2B JPMorgan Derivative Claims Trimmed

Law360, New York (September 17, 2012, 2:16 PM EDT) -- Lehman Brothers Holdings Inc. and its unsecured creditors committee on Friday asked a New York bankruptcy court judge to cut back about $2.2 billion in claims that JPMorgan Chase Bank NA related to derivative transactions entered into with the failed investment bank, saying the claims were artificially inflated.

In an adversary proceeding filed in Manhattan bankruptcy court, Lehman and its creditors alleged that the JPMorgan Chase & Co. unit used the wrong dates when valuing transactions in a bid to drive up the amount of money...
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