Seventeen years after its implosion rattled the global markets, Lehman Brothers‘ UK arm has finally been put to rest. The long, messy afterlife of Lehman Brothers International Europe (LBIE) ended in a London courtroom yesterday. A judge declared that its ghost has met its obligations.
According to Bloomberg, Justice Robert Hildyard, who has overseen the case for more than a decade, called the moment "seminal," remarking that "the Lehman case is so unusual that it is unlikely ever to be repeated."
