Lehman Board Selected To Complete Liquidation

Law360, New York (December 5, 2011, 11:03 PM EST) -- Lehman Brothers Holdings Inc. on Monday announced the new board members who will help it finish out the defunct financial firm's Chapter 11 liquidation and distribute billions of dollars to creditors.

The seven-member board of directors includes executives at American International Group Inc., Capmark Financial Group Inc. and Morgan Stanley, according to Lehman's statement filed in New York bankruptcy court.

The new board includes Frederick Arnold, the executive vice president and chief financial officer of Capmark Financial and a former executive at Masonite International Inc., and...
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