Tuesday, March 6, 2012

Lehman emerges from Chapter 11

"We are proud to announce Lehman's exit from chapter 11 and entrance into the final stage of this process -- distributions to creditors. Our objective remains to provide the best results possible for creditors -- by continuing to strategically position assets to produce strong values, to pursue the resolution of disputed claims and other matters in litigation, and to manage expenses in line with the asset disposition process," said John Suckow, who is managing director with bankruptcy adviser Alvarez & Marsal and Lehman's president and COO….”

Read all about it at http://www.nypost.com/p/news/business/lehman_brothers_emerges_from_chapter_uw5wjo7kMa8lYOMjS0QGHM

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