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PwC’s $150bn Lehman claim
LEHMAN Brothers’ European administrators PricewaterhouseCoopers (PwC) are seeking around $150bn (£93bn) from the parent company.
A spokeswoman for PwC told City PM the company had already filed a claim for $50bn on behalf of European affiliates of the company and would seek another $100bn before a 22 October deadline.
Lehman’s bankruptcy last year, which triggered the worst of the banking crisis, was the largest in US corporate history, as the Wall Street bank collapsed with some $613bn of debts.