The settling of the Lehman Brothers estate has taken down more companies in collateral
The US was given a harsh reminder about the complexities of liquidating an international financial institution after two affiliate banks associated with the Lehman Brothers (a US investment firm that collapsed in 2008) also filed for bankruptcy under terms of the strike off deal.
The two affiliate companies, the UK Lehman Holdings Company and Lehman Securities Inc, were forced into bankruptcy as part of a deal that will generate just under USD $500 million capital for the Lehman Estate, according to court documents filed in the US this week.
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