administrator

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

September 8, 2009 Ainsley Brown Leave a comment

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

Banking, Bankruptcy/Insolvency/Restructuring, Litigation

Creditors Of Lehman Brothers’ European Division Will Just Have to Wait A Bit Longer To Recovery Their Money

August 24, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The English High Court has scuttled a plan for quick payouts to creditors by the administrator’s of Lehman Brothers’ European arm. PricewaterhouseCoopers (PwC), the administrator is now carefully studying the judgment and weighing it options i.e. should it appeal or not. In either case Lehman Brothers’ creditors face delays in recovering their assets. The ruling affects some

Bankruptcy/Insolvency/Restructuring, Litigation