New York Magazine

Skip to content, or skip to search.

Skip to content, or skip to search.

beefs

Lehman Estate Sues JP Morgan

The Bankruptcy estate for Lehman Brothers sued JP Morgan Chase today for pocketing billions of dollars in the days before Lehman filed for bankruptcy.The suit says that Jamie Dimon and other JP Morgan execs took advantage of Lehman's fragile state and coerced the bank into handing over $8.6 billion in collateral, which, the suit says, contributed to Lehman's collapse. The estate is hoping to recover $5 billion. [WSJ]

Photo: Tony Avelar/Bloomberg via Getty Images