Lehman Creditors Repaid 100 Cents On The Dollar

Unsecured creditors to Lehman Brothers will receive a dividend from PricewaterhouseCoopers repaying them in full, six years after the largest bankruptcy in US history kicked the financial crisis into high gear, reports Harry Wilson for The Telegraph.

Full repayment to Lehman Brothers' creditors is a ‘remarkable feat’: Lomas

“The fact that we have been able to pay ordinary unsecured in full, including the return of their trust assets and client money, with a significant surplus remaining, highlights the importance of having a healthy level of capital within a firm's balance sheet,” said PwC’s lead administrator for the project, Tony...