Citadel fund files $470 mln claim against Lehman
Monday, August 24, 2009 : PermalinkReuters – Hedge fund Citadel Investment Group claims it is owed $470.5 million on derivatives contracts it held with Lehman Brothers, according to a claim filed in a New York bankruptcy court last week.
Citadel, which manages around $12 billion in assets, claims it is owed the money in its Citadel Equity Fund. The filing said the claim was at least partly based on a guarantee, but did not give details.
Tags: hedge fund, New York, new-york-city, ponzi scheme, securities fraud, United States district court, United States District Court for the Southern District of New York, united-states
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