{"id":38393,"date":"2013-10-02T10:57:33","date_gmt":"2013-10-02T14:57:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38393"},"modified":"2013-10-02T10:57:33","modified_gmt":"2013-10-02T14:57:33","slug":"elliott-to-pay-more-than-1-billion-for-lehman-u-k-claim","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/elliott-to-pay-more-than-1-billion-for-lehman-u-k-claim.html","title":{"rendered":"Elliott to Pay More Than $1 Billion for Lehman U.K. Claim"},"content":{"rendered":"<p>NASDAQ &#8211; Paul Singer&#8217;s hedge fund Elliott Management has agreed to pay GBP650 million($1.05 billion) to the corporate parent of Lehman Brothers International (Europe), the U.K arm of the collapsed investment bank, in exchange for the parent company&#8217;s multibillion dollar claim against its subsidiary.<\/p>\n<p>The trade, which calls for the hedge-fund manager to receive the parent company&#8217;s roughly GBP1.25 billion ($2 billion) subordinated claim against Lehman Brother&#8217;s U.K. business in return for the initial payment, is the latest example of distressed debt investors hoping to profit from Lehman&#8217;s demise more than five years after its collapse.<\/p>\n<p><a href=\"http:\/\/www.nasdaq.com\/article\/elliott-to-pay-more-than-1-billion-for-lehman-uk-claim-20131001-01319\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NASDAQ &#8211; Paul Singer&#8217;s hedge fund Elliott Management has agreed to pay GBP650 million($1.05 billion) to the corporate parent of Lehman Brothers International (Europe), the U.K arm of the collapsed investment bank, in exchange for the parent company&#8217;s multibillion dollar [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38393","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38393"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38393\/revisions"}],"predecessor-version":[{"id":38394,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38393\/revisions\/38394"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}