Linklaters and Davis Polk have advised on a settlement agreement in the Lehman Brothers bankruptcy which will see $9bn (£6bn) of assets returned to the defunct bank's customers, in what administrator PwC has described as "a landmark moment" in long-running insolvency proceedings. The settlement and distribution plan concerns Lehman Brothers International (Europe)'s (LBIE) dealings with Lehman Brothers Inc (LBI), and the complex intercompany claims and liabilities between the parties.
March 11, 2013 at 08:01 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters and Davis Polk have advised on a settlement agreement in the Lehman Brothers bankruptcy which will see $9bn (£6bn) of assets returned to the defunct bank’s customers, in what administrator PwC has described as “a landmark moment” in long-running insolvency proceedings.
The settlement and distribution plan concerns Lehman Brothers International (Europe)’s (LBIE) dealings with Lehman Brothers Inc (LBI), and the complex intercompany claims and liabilities between the parties.
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