Lehman Sells $4.2 Billion of Broker Claims for $1.9 Billion (1)

May 22 (Reuters) - Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage. The holding company said in a ...

The liquidator for Lehman Brothers Holding Inc.'s Australian unit won federal court approval for a creditors vote on a proposed claims settlement giving them as much as about half of what theyre owed. Creditors will be paid between 33 Australian ...

The month after the Lehman Brothers collapse in the fall of 2008, Peter Collins was downsized with a half dozen other people from at a Bloomfield commercial printer. Collins, 51, who had spent his whole career as a printer and had been with Finlay ...

Citigroup Inc. (C) can be granted a $1.2 billion claim against Lehman Brothers Holdings Inc.'s defunct brokerage and will pay an affiliate of the Lehman parent $167 million to settle a dispute over amounts owed on foreign-exchange transactions, a ...

A year after exiting bankruptcy,Lehman Brothers Holding Inc.is back and is demanding larger exit payments from a host of nonprofits. Lehman Bros. is not a name that brings back fond memories for most people. The financial institution's bankruptcy ...

Almost five years after Lehman Brothers filed for bankruptcy, managers of the banks estate are demanding millions of dollars from retirement homes.

PWC ADMINISTRATORS for Lehman Brothers are in the Supreme Court today to decide the future on how the collapsed bank's defined benefit pension scheme liabilities should be paid. In a case which will dramatically change the insolvency landscape, PwC ...

Before 2008, banks took excessive risks and some ended up being bailed out by the taxpayer. Their profits were privatised but, because they were too big to fail, their losses were nationalised. This moral hazard, where banks can presume they will be ...