Investors that bought up Lehman Brothers debt at reduced prices following its collapse ten years ago are set to see a windfall as PwC, which was charged with winding up the firm, prepares to ask a court to approve its plan to compensate the former creditors.
Paul Singer's activist hedge fund Elliot Advisors is one of the firm's which could be weeks away from slice of a £6bn pay-out from the administrators of the bank's European business, according to The Times. Lehmans collapse/China's Black Monday/Trump win: The big market-moving events since start of the financial crisis Lehman Brothers Europe collapse in September 2008 left thousands of clients, suppliers and employees as creditors, with hundreds of billions of unpaid bills, assets and bonuses. Among the firm's other hedge fund creditors that are set for a 140% return on their inves...
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