Lehman’s U.K. Administrator’s Can’t Distribute Assets

(bloomberg.com)

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2009-11-06

" PricewaterhouseCoopers, the administrators of Lehman Brothers International Europe, had sought to speed up the process of returning money to some creditors through the so- called scheme of arrangement. A London judge ruled in August that the court didn’t have jurisdiction to force dissenting creditors to accept the trust asset-distribution plan, and the administrators appealed."

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