Company Lehman Brothers Holdings Inc (LEHMQ) and a group of creditors, unsecured, filed a claim for the amount, exceeding $5 billion. against JPMorgan Chase & Co (JPM), accusing the bank of divesting vital assets, accelerated the bankruptcy of Lehman, informs 26 May Reuters.
In the claim, filed in Manhattan bankruptcy court, the plaintiffs accused JPMorgan in the seizure of billions of dollars of collateral immediately prior to the bankruptcy of Lehman and threatened to strip Lehman clearing services, necessary for the brokerage business.
“Putting to the head Lehman this financial gun, JPMorgan got Lehman into unilateral agreements overnight, – the lawsuit says. – These billions of dollars of collateral rightfully belong Lehman and its creditors”.
The claimants want to receive $5 billion, registered as collateral immediately before bankruptcy, plus interest and other compensation.
(With) k2kapital.com
