Saturday, 21st November 2009

 

25 August 2009 - Press Briefing

Citadel claims $470m from Lehman-linked derivatives

Citadel Investment Group has filed a claim with the US Bankruptcy court on behalf of its Citadel Equity Fund, seeking to recoup as much as $470.5m (€392.2m) that the hedge fund claims it is owed from derivatives contracts linked to Lehman Brothers before its bankruptcy, according to a report in The Wall Street Journal.

The amount being asked for includes the value of the derivatives contracts as well as expenses incurred by Citadel to replace the trades that were terminated when Lehman collapsed.

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