Financial Times FT.com

Lehman Brothers

Hopes for return of Lehman assets

By Jennifer Hughes and Megan Murphy in London

Published: March 16 2009 22:29 | Last updated: March 17 2009 02:41

Lehman Brothers’ European administrators want to reach agreement by the end of July on a scheme to return creditors’ assets, representatives told a London court on Monday.

Six months after the US behemoth collapsed, a judge approved plans by PwC, the administrators, to draw up a so-called scheme of arrangement that would be designed to speed up the return of Lehman clients’ assets. It would then need to be approved by the court.

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