Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

TMST Trustee Seeks to Pursue Lawsuit Against JPMorgan, Citigroup

Dec. 13 (Bloomberg) -- The trustee handling the former Thornburg Mortgage Inc. bankruptcy asked a judge to let him pursue a lawsuit against banks including JPMorgan Chase & Co. and Citigroup Inc., saying they helped to push the company into default by making inflated margin calls. The banks are seeking to get the suit brought by trustee Joel Sher dismissed. Sher sued the banks in May, seeking to recover $2 billion for creditors of the company now called TMST Inc.

Link to Company News:{C US <Equity> CN <GO>} Link to Company News:{JPM US <Equity> CN <GO>} Link to Company News:{THMRQ US <Equity> CN <GO>}

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Stephen Farr at sfarr@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.