Lehman's UK Administrator Prepares $100B Claim

Law360, New York (August 31, 2009, 5:38 PM EDT) -- PricewaterhouseCoopers LLP, the U.K. administrator for bankrupt Lehman Brothers Holdings Inc., is reportedly preparing a nearly $100 billion claim against the collapsed investment bank.

Lehman's U.K. administrator is still finalizing the claim but plans to file it in the next few weeks, international accounting firm PwC told the U.K. newspaper The Sunday Times, in a report published Sunday. The U.S. Bankruptcy Court for the Southern District of New York has set a Sept. 22 deadline for creditors' claims.

One of the partners at PwC, Tony Lomas,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.