Lehman prepare claims

ADMINISTRATORS of the British branch of Lehman Brothers, the US investment bank that collapsed last year, said yesterday they were preparing claims of up to $100billion (about R777,50billion) against the parent company.

ADMINISTRATORS of the British branch of Lehman Brothers, the US investment bank that collapsed last year, said yesterday they were preparing claims of up to $100billion (about R777,50billion) against the parent company.

PricewaterhouseCoopers is working on behalf of more than 100 Lehman entities in Europe to establish who is owed what after the bank's collapse. - Sapa-AFP

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