Lehman Brothers’ European Arm Set To File $100 Billion Claim Against Parent

By: Ainsley Brown

PricewaterhouseCoopers (PwC), the administrator of the now defunct bank’s European arm is set to file a claim against the parent bank in US bankruptcy court. PwC has until September 22 – the deadline set by the court – to file its claim.

The claim surrounds some $100 billion in pledges made by the parent bank before it collapsed and file for bankruptcy protection.

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Tags: administrator, Lehman Brothers, Lehman Brothers’ European Arm Set To File $100 Billion Claim Against Parent, pledges, PwC, US bankruptcy court