Lehman Europe says all client cash will be returned
LONDON (Reuters) - Lehman Brothers International (Europe) holds $22.3 billion (15.0 billion pounds) in client assets, all of which will be returned, administrators PricewaterhouseCoopers (PwC) said on Friday.
"There is $22.3 billion client assets, they will be returned absolutely to all parties," Steven Pearson, joint administrator, told reporters at a press conference after a creditor meeting.
Lehman Brothers International is the European unit of Lehman Brothers Holdings LEHMQ.PK , which filed for bankruptcy protection in September.
(Reporting by Olesya Dmitracova)
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