Lehman Chief Raises Asset Recovery Estimates To $65B

Law360, New York (June 16, 2011, 9:19 PM EDT) -- The chief executive of Lehman Brothers Holdings Inc. said Thursday that he expects up to $65 billion in assets will be recovered through the investment firm's bankruptcy proceedings, an increase from the previous $60 billion estimate in January.

LBHI CEO Bryan Marsal noted in an interview with CNBC that the company has recovered $25 billion and $27 billion thus far, with distributions to likely start in the first quarter of 2012. He also hinted at a revised reorganization plan that he expects will garner support from...
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