Bloomberg News

JPMorgan Opposes Lehman’s Bid to Question Iksil on Derivatives

February 28, 2013

JPMorgan Chase & Co. (JPM:US) 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.

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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