Saturday, September 11, 2010

Lehman Bros.' unexpected afterlife

The L.A. Times reports:
The former investment giant, which triggered the worst phase of the financial crisis two years ago, plans to emerge from Chapter 11 as a profitable operating company with a new name, Lamco.
There's more:
the company projects that creditors will get back more than 14 cents for each dollar of confirmed claims against Lehman.