| Updated:
Lehman sues Citi for $2.5bn
Lehman Brothers Holdings has sued Citigroup to recover $2.5bn transferred in the months leading up to Lehman’s historic collapse, saying Citigroup is wrongfully keeping the money at the expense of other creditors. In a complaint filed in the US courts, Lehman said Citi demanded the money as economic conditions worsened in 2008, to protect itself in case of problems in Lehman’s trading accounts. Citi then kept the money when Lehman filed for bankruptcy, the holding firm claims.