This just in. Lehman Bros UK Arm To File $100B Claim Against Parent - Report
Aug 30, 2009 09:28:52 (ET)
LONDON (Dow Jones)--Administrators of the U.K. arm of Lehman Brothers Holdings Inc. are preparing a $100 billion claim against its former U.S. parent, the Sunday Times reported Sunday.
The paper said PricewaterhouseCoopers, the administrator in the U.K., is finalizing the claim.
Tony Lomas, one of the partners at PricewaterhouseCoopers leading the case, told the Sunday Times he will file on behalf of more than 100 Lehman units that fall under the London umbrella.
"We're going to be filing claims in the many tens of billions." It will be close to $100 billion, Lomas told the paper.
The Sunday Times said the claim will be lodged within the next few weeks.
Company Web site: www.lehman.com
-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com
(END) Dow Jones Newswires
August 30, 2009 09:28 ET (13:28 GMT)
