On the 39th and 40th floors of Manhattan’s Time-Life building lies what remains of the holding company that was once the fourth-biggest investment bank by market value in the US.
In rows of grey cubicles, lawyers, restructuring specialists and traders toil to unwind remaining assets of Lehman Brothers, not far from its old offices by Times Square.
It is a formidable task. There are still derivatives contracts to negotiate, lawsuits to be resolved and money to be returned to creditors.
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