Inside these posts: Investment bank failure

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.

 

JPMorgan suit says Lehman left it with ‘goat poo’

Lehman Brothers and Barclays deceived JPMorgan Chase & Co. with bad assets that the failed investment bank’s own employees dubbed “goat poo,” according to new court papers that escalate a legal battle between the financial firms.

JPMorgan filed new court claims in the case, contending that Lehman left it with $25 billion in unpaid loans secured by undesirable such as those left out of the sale to Barclays. Get the full story »