More than 30 law firms owed money by Lehman Brothers International Europe (LBIE) are in line for a payout, after the bank's administrators PwC confirmed a group of creditors would be entitled to distributions in the New Year.
December 05, 2013 at 08:18 AM
1 minute read
The original version of this story was published on Legalweek
More than 30 law firms owed money by Lehman Brothers International Europe (LBIE) are in line for a payout, after the bank’s administrators PwC confirmed a group of creditors would be entitled to distributions in the New Year.
All five magic circle firms, as well as Skadden Arps Slate Meagher & Flom, Weil Gotshal & Manges and Bingham McCutchen, are on a 300-strong list of creditors set to recoup funds, as part of the wind-down of LBIE.
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