Lehman Brothers Financial SA (LEHNQ)

[Argus63]

Lehman Brothers is removing broader await for a latest failure plan.

The investment bank, which filed for failure during a tallness of a monetary predicament in 2008, pronounced Friday which creditors land claims of $100 billion have authorized a remuneration plan. Alternative skeleton will be put upon reason whilst Lehman moves a offer forward.

The devise still contingency be authorized by a infancy of creditors as well as a sovereign failure court.

Lehman Brothers Holdings Inc. additionally pronounced which it has staid derivative claims with 7 of a thirteen largest banks. Lehman expects solve an one more explain “shortly,” solution $9.6 billion in derivative claims as well as analogous pledge claims for $6.2 billion.

http://www.ourbusinessnews.com/lehman-plan-receives-support-from-major-creditors/