Lehman Brothers Treasury to Explore Opportunities to Consolidate Claims
AMSTERDAM--(BUSINESS WIRE)--Jul 6, 2018--Lehman Brothers Treasury Co. B.V. in liquidation (“LBT”) today, through its U.S. counsel Kramer Levin Naftalis & Frankel LLP, announced that the liquidators of LBT are exploring various strategies to, among other things, facilitate the consolidation of the LBT creditor base. To that end, the liquidators of LBT intend to engage with certain of LBT’s creditors and other market participants regarding potential strategies. No assurances can be made that any strategy will be employed, or if one is employed, the timing of its implementation. LBT does not undertake to publicly update its disclosure to reflect developments in this matter.
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CONTACT: Kramer Levin Naftalis & Frankel LLP
Daniel Eggermann, 212-715-9495
KEYWORD: UNITED STATES EUROPE NORTH AMERICA NETHERLANDS NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE LEGAL
SOURCE: Kramer Levin Naftalis & Frankel LLP
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PUB: 07/06/2018 11:14 AM/DISC: 07/06/2018 11:13 AM