JPMorgan Opposes Lehman’s Bid to Question Iksil on Derivatives
JPMorgan Chase & Co. (JPM) opposed Lehman Brothers Holdings Inc.’s bid to force former JPMorgan trader Bruno Iksil, the so-called London Whale, to answer questions in an $8.6 billion lawsuit.
Lehman’s own employees have acknowledged that Iksil wasn’t responsible for the derivatives trades cited by Lehman, JPMorgan said in a federal court filing in Manhattan. JPMorgan termed Lehman’s move an attempt to “harass” a key lender.
To contact the reporter on this story: Linda Sandler in New York at email@example.com