PwC prepares to return Lehman assets to creditors
The administrators for Lehman Brothers International (Europe), the London-based broker-dealer subsidiary of the defunct US bank, have begun to roll out a consensual agreement to return trust assets to secured creditors. If the support of around 90% of creditors can be gained by December 29, the administrators, PricewaterhouseCoopers, will begin returning assets in the first quarter of 2010.
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