Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Lehman administrators win US$8.5 million trade error claim

By Dominic Lawson

09 September 2019

Lehman administrators win US$8.5 million trade error claim Peruvian sol / iStock.com/simonmayer

An English court has ordered UK securities broker Exotix Partners to pay US$8.5 million to the administrators of Lehman Brothers’ main European arm, finding the broker wrongly benefited from a costly trade error made by the bank.