Financial Times FT.com

PwC fees mount to £154m in Lehman wind-up

By Anousha Sakoui and Megan Murphy in London

Published: October 19 2009 23:20 | Last updated: October 19 2009 23:20

The winding-up of Lehman Brothers in Europe, one part of the largest-ever global bankruptcy, is heading into record territory for accountancy and legal fees in the region, as well as the size of the claims made against the overseas parent company.

The joint administrators, in a report to creditors, revealed that they are readying a new claim of $90bn (€60.2bn) against the US parent of the failed bank, bringing the claims by its European arm against different Lehman entities globally to $208bn.

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