Deutsche Bank and Morgan Stanley Japan buy claims against Lehman

By Caroline Salls

Pittsburgh, June 7 - Deutsche Bank AG, London Branch and Morgan Stanley Japan Securities Co., Ltd. bought claims against Lehman Brothers Holdings Inc., according to Monday filings with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, Deutsche Bank bought a CHF 21.26 million claim from Credit Suisse AG, and Morgan Stanley bought a $1.07 million claim against the Okinawa Kaiho Bank, Ltd.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company filed for bankruptcy on Sept. 15, 2008. Its Chapter 11 case number is 08-13555.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.