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. Last Updated: 07/27/2016

Lehman Brothers Sued




MOSCOW -- Uneximbank filed a lawsuit Friday in a Moscow court against U.S. investment bank Lehman Brothers Holding Inc. for defaulting on its obligations to the Russian financial institution, Interfax reported.


Uneximbank did not describe what obligations were mentioned in the suit, the news agency said.


Friday's suit follows a British court injunction last week that froze the assets of Uneximbank and Inkombank as Lehman Brothers tries to retrieve $113 million in outstanding debt.


Uneximbank blasted the injunction Friday, saying it goes against the wishes of the Kremlin and damages the bank in the eyes of its clients, Interfax said.