Lehman Bros. Unit Appeals For Equal Shot At £900M Surplus

By Christopher Crosby (October 4, 2021, 4:42 PM BST) -- Creditors fighting for £900 million ($1.2 billion) left in Lehman Brothers' estate should be treated equally without separate affiliates taking priority over each other, administrators for the British unit of the failed investment bank told an English appeals court Monday.  

The English Court of Appeal has heard that Lehman Brothers' creditors' claims should be treated equally when divvying up the remaining assets of the investment bank's European operations. (Photo by John Stillwell/PA Images via Getty Images) Mark Phillips QC of South Square, counsel for a U.K. subsidiary of Lehman Brothers' ultimate U.S. parent company, told the Court of Appeal at a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!