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Citi's Trading Procedures Used To Combat $2B Lehman Suit
May 2, 2017
Citibank NA’s head of global credit trading was put on the stand Tuesday morning at a Manhattan bankruptcy court trial to paint a picture of how derivatives traders operated around the time of Lehman Brothers’ 2008 collapse, as Citi clings to a $2 billion claim against Lehman’s estate.
Brian Archer was the second witness called by Citibank as it fights off claims that it “conjured up more than $2 billion in phantom transaction costs” when it calculated close-out amounts for around 30,000 terminated derivatives trades
Citi's Trading Procedures Used To Combat $2B Lehman Suit - Law360
May 2, 2017
Citibank NA’s head of global credit trading was put on the stand Tuesday morning at a Manhattan bankruptcy court trial to paint a picture of how derivatives traders operated around the time of Lehman Brothers’ 2008 collapse, as Citi clings to a $2 billion claim against Lehman’s estate.
Brian Archer was the second witness called by Citibank as it fights off claims that it “conjured up more than $2 billion in phantom transaction costs” when it calculated close-out amounts for around 30,000 terminated derivatives trades
Citi's Trading Procedures Used To Combat $2B Lehman Suit - Law360
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Correction to Citigroup Lehman Trial Story on May 2
May 03, 2017
Correction to Citigroup Lehman Trial Story on May 2
May 03, 2017
Correction to Citigroup Lehman Trial Story on May 2
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La questeone LBHI/Citibank non è nuova: se ne trova traccia già nel Maggio di 4 anni fa. Tutto scaturisce da una accusa di Citibank nei confronti di Barclays presso il tribunale fallimentare di New York.
In pratica gli avvocati LBHI hanno trovato la propria tesi accusatoria nei confronti di Citibank proprio nelle carte presentate in tribunale da quest'ultima, unitamente alla difesa di Barclays.
Curioso, vero?
In pratica gli avvocati LBHI hanno trovato la propria tesi accusatoria nei confronti di Citibank proprio nelle carte presentate in tribunale da quest'ultima, unitamente alla difesa di Barclays.
Curioso, vero?
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Citibank Exec Defends Trade Valuations At $2B Lehman Trial
May 3, 2017
Citibank’s head of global credit trading on Wednesday defended the methods used by his traders to calculate the costs of replacing about 30,000 derivatives trades that went into default following Lehman Brothers’ 2008 collapse, as Citi seeks to justify a $2 billion claim against the shuttered investment firm.
Testifying for the second day in a Manhattan bankruptcy court, Brian Archer talked about the difficulty of managing risk in the volatile days following the Chapter 11 filing of Lehman Brothers Holdings Inc. in September 2008.
Citibank Exec Defends Trade Valuations At $2B Lehman Trial - Law360
Ieri Citibank si è difesa. Ma ha imputato a Lehman Brothers presunti errori di Barclays.
Continuo a seguire: 2 miliardi di dollari stanno ballando!
May 3, 2017
Citibank’s head of global credit trading on Wednesday defended the methods used by his traders to calculate the costs of replacing about 30,000 derivatives trades that went into default following Lehman Brothers’ 2008 collapse, as Citi seeks to justify a $2 billion claim against the shuttered investment firm.
Testifying for the second day in a Manhattan bankruptcy court, Brian Archer talked about the difficulty of managing risk in the volatile days following the Chapter 11 filing of Lehman Brothers Holdings Inc. in September 2008.
Citibank Exec Defends Trade Valuations At $2B Lehman Trial - Law360
Ieri Citibank si è difesa. Ma ha imputato a Lehman Brothers presunti errori di Barclays.
Continuo a seguire: 2 miliardi di dollari stanno ballando!
duca77
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...e noi continuiamo a seguire te, caro Duetto!!
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May 5, 2017
Lehman Employees Denied Bankruptcy Preference
Lehman Brothers employees whose restricted stock units became worthless in the company’s 2008 bankruptcy filing can’t leapfrog ahead of other creditors in the ongoing bankruptcy proceedings, a federal appeals court ruled ( In re: Lehman Bros. Holdings Inc. , 2017 BL 148791, 2d Cir., No. 16-1296-bk, 5/4/17 ).
Lehman Employees Denied Bankruptcy Preference
Lehman Employees Denied Bankruptcy Preference
Lehman Brothers employees whose restricted stock units became worthless in the company’s 2008 bankruptcy filing can’t leapfrog ahead of other creditors in the ongoing bankruptcy proceedings, a federal appeals court ruled ( In re: Lehman Bros. Holdings Inc. , 2017 BL 148791, 2d Cir., No. 16-1296-bk, 5/4/17 ).
Lehman Employees Denied Bankruptcy Preference
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Novità da Amsterdam per LBT:
Lehman Brothers Treasury Co. B.V. in liquidation (LBT): Proposed distribution commencing on 4 May 2017
https://www.lehmanbrotherstreasury.com/pdf/english/LBT Overview Distribution 10 0.PDF
Lehman Brothers Treasury Co. B.V. in liquidation (LBT): Proposed distribution commencing on 4 May 2017
https://www.lehmanbrotherstreasury.com/pdf/english/LBT Overview Distribution 10 0.PDF
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Loud Trading Floor Kept Citi From Getting Lehman The Best Deal On Those Derivatives The Day It Died
May 4, 2017
On September 15, 2008, Lehman Brothers filed for bankruptcy. Not coincidentally, on September 15, 2008, every other bank around the world who was a counterparty of Lehman or creditor of Lehman or had any relationship at all to Lehman began to wind up, to the greatest extent possible, whatever those relationships were, and since Lehman’s people were busy collecting their shoes from under the desks, most of them did it in the most favorable way possible to themselves, and the least favorable way possible to the now-putrefying corpse of a once-proud 158-year-old investment bank. It’s true: There have been lots and lots of lawsuits about it.
Loud Trading Floor Kept Citi From Getting Lehman The Best Deal On Those Derivatives The Day It Died
May 4, 2017
On September 15, 2008, Lehman Brothers filed for bankruptcy. Not coincidentally, on September 15, 2008, every other bank around the world who was a counterparty of Lehman or creditor of Lehman or had any relationship at all to Lehman began to wind up, to the greatest extent possible, whatever those relationships were, and since Lehman’s people were busy collecting their shoes from under the desks, most of them did it in the most favorable way possible to themselves, and the least favorable way possible to the now-putrefying corpse of a once-proud 158-year-old investment bank. It’s true: There have been lots and lots of lawsuits about it.
Loud Trading Floor Kept Citi From Getting Lehman The Best Deal On Those Derivatives The Day It Died
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