Lehman Seeks Court OK For Deal With European Units

Law360, New York (November 14, 2008, 12:00 AM EST) -- Lehman Brothers Holdings Inc. is seeking a bankruptcy judge's approval for a deal that should allow the erstwhile Wall Street titan to unwind a book of business in Europe that consists of more than 1 million trading positions and billions of dollars worth of receivables.

LBHI filed a motion in the U.S. Bankruptcy Court for the Southern District of New York on Friday seeking approval to enter into a transition services agreement with four Lehman companies that filed for administration in the U.K. the same day...
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