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JPMorgan Opposes Lehman’s Bid to Question Iksil on Derivatives

Feb. 28 (Bloomberg) -- JPMorgan Chase & Co. 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.

Link to Company News:{JPM US <Equity> CN <GO>} Link to Company News:{LEHMQ 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: Andrew Dunn at adunn8@bloomberg.net

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