DESPITE collapsing nearly five years ago to the day, Lehman Brothers’ creditors are moving closer to recovering their claims, according to PwC.
Lehman’s European arm has paid £652m to administrators who are tasked with attempting to resolve one of the most complex bankruptcies in history.
However, this is only 2-3 per cent of what the company expects to extend to creditors. Usually fees make up 4-9 per cent. In total, £40bn is expected to be returned.