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Lehman administrators plan assets return

ninemsn – Administrators for the main European unit of bankrupt US investment bank Lehman Brothers Holding Inc have revealed plans to return frozen hedge fund assets to creditors.

This could start as early as next year.

PricewaterhouseCoopers, Lehman Brothers International Europe’s administrator has applied to the British High Court to block any creditor claims for assets after the end of this year, PWC said on Wednesday

This could mean the administrator would start returning funds as early as the first quarter of 2010.

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