Saturday, April 17, 2010

Lehman may have grounds to sue Goldman, Barclays

Crain's New York Business reports:
Lehman Brothers Holdings Inc. may have grounds to sue Goldman Sachs Group Inc. and Barclays Plc after they obtained assets from CME Group Inc. for less than half their value, bankruptcy examiner Anton Valukas said.

Goldman was the highest bidder for Lehman’s equity derivatives at CME, and took $445 million of those assets at a private auction in September 2008, according to previously censored details of Mr. Valukas’s March 11 report. Barclays was the highest bidder for Lehman’s energy derivatives and took $707 million in assets from CME.