We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Lehman May Hold Bad Assets, Give Creditors Stock

Law360 (February 3, 2009, 12:00 AM EST) -- If Lehman Brothers Holdings Inc.'s illiquid assets cannot be sold off in the next few years, Lehman may give its creditors stock in asset-holding entities, according to a company spokeswoman.

The plan would include real estate holdings and private equity investments, which would likely yield very low prices if they were sold on the current market. Real estate and private equity investments would probably be held in separate companies with the private equity investments in a closed-end fund, the spokeswoman said.

The company is hoping to...
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.