Replies to post #32541 on Lehman Brothers Financial SA (LEHNQ)

[wayne49]

I thought the European CTs got put in the OBS.

[penny4dollars]

http://online.wsj.com/article/SB10001424127887324030704578424321979040936.html

Tony Lomas, who is overseeing Lehman's U.K. administration, a process similar to Chapter 11 in the U.S., said a number of settlements with other Lehman affiliates in the past six months helped clear the way for an initial £1.8 billion ($2.76 billion) payment to unsecured creditors last November, and that a strengthened financial position "now suggests that…there would be sufficient funds to settle in full all provable claims," excluding those by shareholders and claims for interest