Lehman Brothers Europe sues Dubai Holding Commercial Operations Group
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Lehman Brothers Europe sues Dubai Holding Commercial Operations Group

Lehman Brothers Europe sues Dubai Holding Commercial Operations Group

Lehman Brothers International Europe (LBIE) has filed a law suit against Dubai Holding Commercial Operations Group over the value of swap transactions, Bloomberg has reported. LBIE is in administration in the UK and filed the lawsuit in London, according to court papers. The case is "a straightforward financial dispute regarding the valuation of certain swap transactions entered into between the parties," LBIE's administrators, PricewaterhouseCoopers, said.

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