Unsecured creditors of Lehman Brothers Holdings Inc. asked a court overseeing the securities firm's bankruptcy proceedings for permission to investigate how Lehman ran out of money.
The creditors' group alleges that J.P. Morgan Chase & Co., which acted as a financial middleman between Lehman and other lenders, helped spark a "liquidity crisis" at Lehman before the firm filed for Chapter 11 bankruptcy proceedings earlier this month, according to a filing in federal bankruptcy court in New York.
Sunday, October 05, 2008
Creditors Seek to Probe Lehman's Money Woes
The Wall Street Journal reports:
