The Bros holding company is looking to sell its Ritz-Carlton Kapalua, if you happen to be the market and want to do their creditors a solid. (They also need a broker, if anyone's got a license.) The place comes with 463 rooms, six restaurants, two golf courses, and a spa; if you act fast, they'll throw in a couple of Hawaiian shirts once worn by Dick Fuld and never before seen footage of him working the drums during a company luau. [Bloomberg]
Those were the days. Related: Korea Development Bank Ends Talks For Stake in Lehman (September 10, 2008) Earlier: "The Bros Always Wins"
"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]
