Lehman Fights JPMorgan's Fraud Claims

Law360, New York (February 2, 2011, 2:03 PM EST) -- Bankrupt Lehman Brothers Holdings Inc. is seeking to throw out claims filed by JPMorgan Chase & Co. over fallout from prebankruptcy transactions between them, saying the financial giant is trying to immunize itself from the consequences of its own misconduct.

In a motion to dismiss filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, Lehman Brothers said JPMorgan's allegations that it made false statements and colluded with Barclays PLC to ensure that JPMorgan was on the hook for $25 billion in...
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