4 ms·
Probably not? The stockholders lost the rights to that value when they failed to maintain oversight of management.
by thechao 4y ago
Probably not? The stockholders lost the rights to that value when they failed to maintain oversight of management.
- Scoundreller 4y agoSo who did the excess returns go to? Did Lehman get a big fine or something? Usually in a bankruptcy, if all creditors are paid off, the equity shareholders get the remainder. Usually they get wiped out, but sometimes they do get money back. A bankruptcy crystallizes the debts, but the assets can continue to increase in value. I think GP may have been focussing on one part of pwc’d recoveries but overall, Lehman lost money. Dunno.