LBHI administrators push for settlement of derivatives claims

Vexed by valuations

Paul Cluley

More than two years after the bankruptcy of Lehman Brothers Holdings Inc (LBHI), administrators are still trawling through tens of billions of dollars in unresolved derivatives claims. The process has been slow and litigious – just $5 billion of claims have so far been settled, representing 11% of the total, according to Alvarez & Marsal, the administrators for LBHI. At this pace, it is estimated the process will stretch on until at least 2016.

Anxious to speed things up, Alvarez & Marsal has

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