Lehman senior noteholders may be owed $73 bln-claim
NEW YORK, Sept 14 |
NEW YORK, Sept 14 (Reuters) - The trustee of holders of bankrupt Lehman Brothers' LEHMQ.PK senior bonds said that the debt holders may be owed as much as $73 billion, after losing their investments when the bank filed for bankruptcy protection a year ago, according to court documents.
Wilmington Trust Company claims that holders of the senior debt of the failed bank are estimated to be owed between $49 billion and $73 billion.
In addition, noteholders may see payments on unpaid interest and costs and damages associated with Lehman's failure to repay the debt.
Lehman's estate is facing a slew of claims from creditors including bond holders, derivatives counterparties, states, towns and individuals ahead of a September 22 deadline.
Administrators of the London arm of Lehman Brothers said last month the claims it is handling against the collapsed Wall Street bank could total as much as $100 billion. For details, see [ID:nLU656693] (Reporting by Karen Brettell; Editing by Theodore d'Afflisio)
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