As part of the overall resolution of the Trust Estate, LBIE will shortly be finalising the management and settlement of interest on Post Administration Client Money that has been, or continues to be, held by LBIE on behalf of its Trust Clients (“PACM Interest”). In that context, the Administrators would like to advise clients of the following matters:
If you have any queries please contact your usual LBIE representative or the Communications and Counterparty Management team by emailing generalqueries@lbia-eu.com.
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Lehman Brothers filed for bankruptcy in the US courts on 15 September 2008. PwC were appointed as administrators, on the largest insolvency in history.
Omnibus Trust, Affiliates, Client Assets and Client Money archive folders can be found here.
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