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Judge Approves $950M Lehman Aid To Aurora
08-06-2009
A bankruptcy judge has agreed to let Lehman Brothers offer $950 million in financing to Aurora Bank FSB, The Wall Street Journal reports. The ruling came after hedge fund, Elliott Management, withdrew an objection to the proposal.
The decision will allow Lehman to safeguard its stake in Aurora and prevent federal banking regulators from seizing it. Aurora needs new financing to repay $550 million in brokered certificates of deposit due in August.
Un altro tassello e' al suo posto......
08-06-2009
A bankruptcy judge has agreed to let Lehman Brothers offer $950 million in financing to Aurora Bank FSB, The Wall Street Journal reports. The ruling came after hedge fund, Elliott Management, withdrew an objection to the proposal.
The decision will allow Lehman to safeguard its stake in Aurora and prevent federal banking regulators from seizing it. Aurora needs new financing to repay $550 million in brokered certificates of deposit due in August.
Un altro tassello e' al suo posto......