Which Lehman Brothers Have Money Left For Sentimental Tchotchkes?

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"A metal sign — this one commemorating the opening of the London headquarters in 2004 by Gordon Brown, who was the chancellor of the exchequer at the time — was expected to bring up to £1,500. But it sold for £28,750 ($45,466) to another anonymous bidder on the telephone. Also for sale was a sign with Lehman Brothers’ mission statement. It read, “We are one firm defined by our unwavering commitment to our clients, our shareholders and each other.” That, together with another Lehman sign, sold for £13,750, or $21,744."

Lehman Memories Sold Off Piece By Piece At Auction [NYT]


Everybody Give It Up For Lehman Brothers!

"We are proud to announce Lehman's exit from chapter 11 and entrance into the final stage of this process -- distributions to creditors. Our objective remains to provide the best results possible for creditors -- by continuing to strategically position assets to produce strong values, to pursue the resolution of disputed claims and other matters in litigation, and to manage expenses in line with the asset disposition process," said John Suckow, who is managing director with bankruptcy adviser Alvarez & Marsal and Lehman's president and COO. Suckow also thanked Lehman employees for working "diligently" since the bank's collapse in September 2008 to reach the milestone. [NYP]