JP Morgan Chase Lehman requested bankruptcy judge dismissed the lawsuit
YORK Sept. 1 early morning news, JP Morgan Chase (JPM) has been a federal judge to the U.S. request to its rejection bankrupt Lehman Brothers securities firm raised a row against the prosecution, the JP Morgan Chase, said the behavior of litigation led to the closure of Lehman Brothers, one of the reasons.
JP Morgan said the bank has on August 25 in Manhattan federal bankruptcy court to the bankruptcy judge James - Parker (James Peck) submitted a written document, said Lehman Brothers in 2008, when the brink of bankruptcy , JP Morgan to provide credit only to large banks. JP Morgan's counsel in this document states: "JP Morgan every day to provide huge amounts of credit to Lehman Brothers for its own securities transactions settlement."
case set in 2012 by Manhattan federal bankruptcy court trial. Lehman Brothers owned the 639 billion U.S. dollars of assets, the company in September 2008 filed for bankruptcy protection, has created the largest in U.S. history bankruptcy. Since then, Lehman Brothers in May of this year filed a lawsuit against JP Morgan Chase, said it made use of this severely affected by the company. (Jin-liang)
