Investment Banking

Lehman brokerage trustee secures court nod for fresh creditor distribution

The U.S. Bankruptcy Court in Manhattan on Thursday approved a request by James W. Giddens, the official unwinding Lehman Brothers’ collapsed brokerage arm, to distribute another $2.2bn among the unit’s creditors.

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Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes