Bloomberg – Hedge fund Paulson & Co.’s bid to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm’s debt is a “fishing expedition” meant to “intimidate,” according to debt holders such as Bank of America Corp. (BAC), Citigroup Inc. (C) and the German central bank.
Paulson is part of a creditor group including the California Public Employees’ Retirement System that wants to control the disposal of Lehman’s $61 billion in assets. Its liquidation plan will compete for votes with Lehman’s proposal, and another from a group including Goldman Sachs Group Inc. (GS)
