Just as we wrap up writing about one lawsuit accusing JPMorgan Chase of bringing down a financial giant, a second financial giant — what’s left of it, anyway — has filed its own suit making very similar allegations.
This time it’s the bankrupt estate of Lehman Brothers, which filed suit late Tuesday accusing JPMorgan of abusing its position as Lehman’s clearing bank to acquire inside information and use it to guide decisions that helped bring down Lehman, according to court records and the Wall Street Journal.
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