Showing posts with label Futures exchange. Show all posts
Showing posts with label Futures exchange. Show all posts

Thursday, April 15, 2010

Lehman may have grounds to sue Goldman, Barclays

Goldman Sachs Group, Inc.Lehman Brothers Holdings Inc may have grounds to sue Goldman Sachs Group Inc and Barclays Plc after they demanded $1.2 billion in additional margin to assume trading positions auctioned by a Chicago exchange, bankruptcy examiner Anton Valukas said.

Goldman Sachs was the high bidder for Lehman’s equity derivatives at options and futures exchange CME Group Inc, and took $445 million of those assets at a private auction in September 2008, according to previously censored details of Valukas’s March 11 report. Barclays was the high bidder for Lehman’s energy derivatives and took $707 million in assets from CME.