Saturday, 23 May 2015
Last updated 14 hours ago
Aug 26 2009 | 12:58pm ET
Citadel Investment Group has filed a claim against Lehman Brothers Holdings, arguing that the collapsed investment bank owes as much as $470.5 million.
The Chicago-based alternative investments giant made its move in U.S. Bankruptcy Court in New York last month, ahead of an Oct. 22 deadline for parties to submit proof of claims against Lehman. According to Citadel, its Citadel Equity Fund had derivative contracts with Lehman when it collapsed. The firm is seeking the value of the derivatives contracts, off-set by the collateral held when the bank collapsed, as well as the cost to replace the trades.
In its filing, Citadel said its claim was partly based on guarantees, although it did not elaborate.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…