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Lehman Moves to End Bankruptcy Fight with Citigroup

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The remains of Lehman Brothers Holdings Inc. want a bankruptcy judge to end Citigroup Inc.'s "interest rate arbitrage" with respect to their rival claims on $2 billion in cash Lehman deposited at Citigroup about three months before it collapsed, Dow Jones Daily Bankruptcy Review reported today. In a court filing on Wednesday, lawyers for Lehman asked Bankruptcy Judge James Peck to step in and "provisionally allow" Lehman to use the $2 billion in cash in the account to satisfy Citigroup 's claims against the failed investment bank.