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Article: United States : US Bancorp Leads US Firms in $20.8 Billion of Lehman Claims.
- Article from:
- TendersInfo
- Article date:
- September 26, 2009
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The U.S. s eight biggest banks, including U.S. Bancorp and Bank of America Corp., filed more than $20.8 billion of claims in Lehman Brothers Holdings Inc. s bankruptcy case.
U.S. Bancorp, acting as a trustee, filed claims of more than $12.4 billion, according to Lehman s bankruptcy claims administrator, Epiq Systems. Bank of America, the biggest U.S. bank by assets, is seeking to recover more than $5.2 billion. Morgan Stanley, which converted into a bank holding company less than a week after Lehman collapsed, is seeking at least $3 billion.
Creditors from sovereign wealth funds to sports teams submitted more than 16,000 claims against Lehman before a ...