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Goldman Accused Of Intentionally Moving At 'Glacial Pace' In Lehman Holdings' Probe

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GOLDMAN VOLCKER

(Santosh Nadgir) - Lehman Brothers Holdings Inc accused Goldman Sachs Group Inc of intentionally trying to delay providing documents related to a probe into market rumors, which may have sped up Lehman's collapse.

In court papers filed on Tuesday, Lehman said Goldman Sachs was deliberately moving at "a glacial pace" to run out the statute of limitations without producing the documents.

Lehman said its investigations had revealed that certain Goldman Sachs employees in London "may have been involved in originating or spreading rumors about Lehman."

A Goldman Sachs spokesman declined to comment on the matter.

Lehman has asked a bankruptcy court to order Goldman Sachs to hand over the documents within two weeks of a decision.

In September 2008, Lehman filed for the largest bankruptcy in U.S. history.

The case is In re Lehman Brothers Holdings Inc, U.S. Bankruptcy Court, Southern District of New York, No. 08-13555.
(Editing by Gopakumar Warrier)

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