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Re: cottonisking post# 113796

Monday, 07/14/2025 6:53:51 PM

Monday, July 14, 2025 6:53:51 PM

Post# of 116332
Here is your clue and basis:

Lehman wins OK to create new asset mgmt co, bankruptcy judge declares he’s never seen this before
Author
By REUTERS
UPDATED: April 9, 2018 at 7:09 PM EDT
Lehman Brothers Holdings Inc (LEHMQ.PK), which filed the largest bankruptcy in U.S. history, won a federal bankruptcy judge’s approval on Thursday to create a new asset management company.

The creation of the company, known as LAMCO, will enable Lehman to unwind some of its assets over a longer period of time, potentially allowing it to make more money.

“I’ve never seen anything quite like this,” U.S. Bankruptcy Judge James Peck said at a court hearing.



https://www.nydailynews.com/2010/04/15/lehman-wins-ok-to-create-new-asset-mgmt-co-bankruptcy-judge-declares-hes-never-seen-this-before/
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