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Saturday, August 06, 2016 10:36:22 AM
Lamco’s role will be to manage and wind down Lehman’s long-term distressed and illiquid assets, including commercial real estate, residential mortgages, principal investments, corporate debt and derivatives.
Lehman will remain in existence to handle claims arising from its Chapter 11 filing. Lehman would fund Lamco, and the several holding companies associated therewith, with a total of $20 million to start.
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