Bond Heiress Says Ex-Bear Stearns CEO Jimmy Cayne 'Manipulated' Her
- James Cayne sued Alexandra Lebenthal last month over 2008 loan
- Lebenthal asks New York state judge to dismiss lawsuit
This article is for subscribers only.
Bond heiress Alexandra Lebenthal struck back at James “Jimmy” Cayne, claiming that the former Bear Stearns Cos. chairman “manipulated” her in connection with a $1 million loan that is the subject of a contentious court fight.
Lebenthal made the allegation in her response to a lawsuit Cayne filed last month seeking more than $438,000 he says is owed under the 2008 loan, made just weeks before Bear Stearns’s collapse. Cayne alleges that Lebenthal, a longtime friend, approached him early that year and asked to borrow money because she was struggling financially. He says he offered to loan her $1 million, to be paid back with interest, “without hesitation and out of personal affection."