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Deutsche Bank sues Finepoint Capital for claims against Lehman Brothers’ bankruptcy estate
Deutsche Bank AG, London Branch has filed a Complaint against Finepoint Capital LP, Warbler Run I, LLC, and Warbler Run II, LLC. The document, seen by FX News Group, was submitted on June 14, 2024, at the New York Southern District Court. This is an action for breach of contract and breach of the implied covenant of good faith and fair dealing. The parties in this action entered into a trade nearly six years ago in which the defendants agreed to acquire from Deutsche Bank claims against the bankruptcy estate of Lehman Brothers Holdings, Inc., with a face amount of $906 million, in return for a purchase price of ... (full story)