WCAS Fraser Sullivan Eyes Managing Lehman Loans

Law360, New York (July 28, 2011, 6:18 PM EDT) -- Bankrupt Lehman Brothers Holdings Inc. on Wednesday asked to have WCAS Fraser Sullivan Investment Management LLC manage the fallen investment giant's $5.3 billion commercial loan portfolio in order to generate up to $2 billion for creditors.

U.S. Bankruptcy Judge James A. Peck signed off on an agreement the file a list of managed assets under seal the same day Douglas Lambert of restructuring firm Alvarez and Marsal, who also is serving as CEO of Lehman's newly created Lamco LLC asset management unit, characterized the move as...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.