DB Sues Lehman Over Derivative Cash Snafu

21 Nov 2008

Deutsche Bank has filed a lawsuit against Lehman Brothers Holdings Inc. to recover USD72.5 million it mistakenly transferred to the now bankrupt firm.

--Kristen Haunss

Deutsche Bank has filed a lawsuit against Lehman Brothers Holdings Inc. to recover USD72.5 million it mistakenly transferred to the now bankrupt firm.

According to the filing, DB owed a derivative counterpartywhich is not namedUSD72.5 million under an International Swaps and Derivatives Association Master Agreement and Credit Support ...

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