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90% of Lehman’s creditors supported returning assets plan

December 30, 2009 - 5:43am | Banks and internet banks | News
90% of Lehman’s creditors supported returning assets plan

Lehman Brothers International reported Tuesday that almost all the clients whose assets have been frozen since the investment bank's contraction support the intension to return the money early next year.


In November PricewaterhouseCoopers PWC.UL sketched out a plan to return about $11 billion held in custody by March 2010. This scheme required 90% of Lehman's clients to approve the plan by December 29.
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assets | bank | creditor | investment | Lehman Brothers | Ramius Capital
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