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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)

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Wednesday, April 26, 2017

Citibank Defends Trade Valuations To Open $2B Lehman Suit

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Lawyers for Citibank NA came out swinging Tuesday to open a bankruptcy court trial over the nearly $2 billion valuation of about 30,000 derivatives trades that went into default after Lehman Brothers’ 2008 collapse, saying Citibank used proper methods to determine the cost of replacing those trades.

April 26, 2017 at 06:57AM

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