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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Lehman Brothers Holdings Inc.


Case Number

1:08-bk-13555

Court

New York Southern

Nature of Suit

Date Filed

September 15, 2008

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.