How Lehman was carved up, and hedge funds won big
After LBIE fully paid senior creditors in 2014,
attention turned to who would get a £8bn surplus from the European entity, fuelling aggressive tactics by hedge funds who were fighting over which class of credit should get the spoils.
“You can imagine that when you put £8bn on the table and say ‘give me your reasons why you should have it’, it’s going to be heavily debated - and it was,” Downs said.
LBIE has paid out about £2bn out in expenses and costs. Around £1bn has been paid to administrators, while another £651m has been paid to employees and there has been a further £417m of legal and professional costs.
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Basta che si danno una mossa sono 15 anni che aspetto e non ho visto ancora un centesimo ...
