Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

THE CONTROVERSY !

Exclusive: Lehman shelves asset management plan


LAMCO, or the Legacy Asset Management Co, instead will continue on its path to liquidate Lehman assets over the next few years to pay back creditors, and "no longer will look for a partner to manage the business", Chief Executive Bryan Marsal said.

"Under the current governance, as long as it is in bankruptcy, a LAMCO partnership will not be pursued," said Marsal, who is overseeing the world's biggest bankruptcy."

DIDNT THEY EMERGED OUT OF BANKRUPTCY AFTER THE SIGNING OF THE POR?