Valukas' findings challenged by Lehman lawsuit against JP Morgan
Intra-day credit debate re-surfaces as Lehman Brothers Holdings (Inc) (LBHI) accuses JP Morgan of coercing it into agreements that allowed JP Morgan to get hands on collateral
A lawsuit filed on behalf of Lehman Brothers Holdings (Inc) (LBHI) – the Lehman Brothers parent company – argues JP Morgan should return $8.6 billion of cash and assets that were posted to it as collateral during Lehman's dying days. Contrary to the findings of Anton Valukas – an independent examiner who published a 2,209-page report on the LBHI insolvency on March 11 – the lawsuit alleges JP Morgan "accelerated LBHI's freefall into bankruptcy".
"JP Morgan didn't cause all the problems Lehman
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