Lehman Holdings will be filing a lawsuit against one or more major banks in regards to the valuation of derivatives. This will occur today or Monday. It is the first such lawsuit (valuation dispute) of its kind by Lehman. Some of the counterparts to Lehman’s existing trades weren’t willing to play nice, so the “estate” felt it necessary to rack up another few thousand billable hours and take this battle to court.

Which banks you may ask? The Valukas report indicated the beneficiaries of the alleged fraudulent transfer were as follows: Goldman Sachs, Barclays, Morgan Stanley, JPMorgan, Citadel L.P. and DRW Trading. Surely, another lawsuit for shady business practices against Goldman is all the firm needs right now.