Pwc to Return $11bn of Assets at Lehman [Edition 2]

Summary


ADMINISTRATORS to Lehman Brothers' today paved the way for the bust bank to return $11 billion (Pounds 6.8 billion) of frozen assets to clients as early as next year.

PricewaterhouseCoopers, which controls the collapsed bank's European operations, applied for court approval in London to block any claims for assets after the end of this year, freeing it to start handing back money in early 2010.

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Pwc to Return $11bn of Assets at Lehman [Edition 2]

About 700 hedge funds and investment fi...

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