Following the announcement of the extension of the period for response to the Consensual Proposal to customers with LBI asset claims on 26 March 2013, Resolution to amend the Claim Resolution Agreement was passed and took effect at midday today New York time.
The Joint Administrators are also pleased to announce that the Company has accepted offers from a sufficient number of OSA Eligible Offerors to satisfy the acceptance threshold stated in the Common Terms.
The company is continuing to review offers which have not yet been accepted and will be contacting counterparties on a bilateral basis.
Our business restructuring experts work alongside you to negotiate great outcomes, finding the optimal solutions to financial and operational challenges.
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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