Lehman Brothers to sue Citigroup units for $2.5bn

Lehman Brothers Holdings is suing several units of Citigroup to recover $2.5bn (€1.88bn) it transferred to a back-up account at Citi months before seeking bankruptcy court protection.

Lehman Brothers to sue Citigroup units for $2.5bn
Fri, 10 Feb, 2012 - 08:03

Lehman Brothers Holdings is suing several units of Citigroup to recover $2.5bn (€1.88bn) it transferred to a back-up account at Citi months before seeking bankruptcy court protection.

The failed investment bank filed the lawsuit on Wednesday with the US Bankruptcy Court for the Southern District of New York.

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CourtsBusinessHeathrowPlace: USOrganisation: Lehman BrothersOrganisation: CitigroupOrganisation: Lehman Brothers HoldingsOrganisation: CitiOrganisation: US Bankruptcy Court for the Southern District of New YorkOrganisation: LehmanOrganisation: Citibank
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