What is $400 Million Between Ex-Friends?
Jamie Dimon wants his money back. And so does Barclays Plc. Not only are they bad sports, they are poor losers…
Barclays Plc, once an investor in a now worthless Bear Stearns hedge fund that bet on subprime securities, is now considering its options for recovering $400 million it invested in the fund, the Wall Street Journal reported in its online edition on Saturday. MarketWatch
Barclays has called its exposure immaterial. But now they have reconsidered. They want their money back, and will either go to a negotiated settlement, or litigate.
See you in court, Barclays
Barclays may sue to recover losses at Bear Stearns
MarketWatch
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