Bankrupt Lehman seeks more debt of NY building

Lehman Brothers Holdings Inc is seeking Bankruptcy Court permission to make another $255 million debt investment in a New York office building, saying doing so would protect its existing investment. Lehman already has a $437 million stake in the building, which is located on a valuable stretch of Park Avenue in Midtown Manhattan, according to [...]

Jun 9 2010 | Posted in World Business | Read More »

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