(Reuters) – The bankruptcy estate of Lehman Brothers Holdings is close to naming a new board of directors to help finish winding down the collapsed financial firm, the Wall Street Journal said, citing people familiar with the matter.
The new board, made up of seven experts in restructuring, real estate and derivatives who are not tied to Lehman, will oversee the liquidation of tens of billions of dollars in assets for the benefit of Lehman creditors, the people told the WSJ.
A Lehman spokeswoman declined to comment to the Journal. Lehman could not be immediately reached for comment by Reuters outside regular U.S. business hours.
Lehman reported $639 billion of assets when it filed for protection from creditors on September 15, 2008, in the largest U.S. bankruptcy. The filing was a major trigger of that year’s global financial crisis. Lehman was once the fourth-largest U.S. investment bank.
(Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)
‘Get over it’: Trump’s chief of staff reveals Ukraine quid pro quo — but insists it’s just ‘politics’ as usual
White House acting chief of staff Mick Mulvaney admitted that President Donald Trump held up Ukraine aid to pressure the country to investigate a conspiracy theory.
Mulvaney, who is also the White House budget director, told reporters Thursday that Trump's desire to investigate his belief that a DNC computer server was hidden in Ukraine was part of the reason congressionally approved military aid was held up.
However, he insisted that did not represent a quid pro quo arrangement.
"We do that all the time, get over it," Mulvaney said. "Politics is going to be involved in foreign policy, elections do have consequences."
WATCH: Trump’s chief of staff pummeled in rancorous press briefing after announcing G7 decision
President Donald Trump's chief of staff and Office of Management and Budget Director Mick Mulvaney was pummeled by reporters demanding answers about the president scoring huge sums of taxpayer dollars by having a G7 summit at his Miami resort.
Mulvaney held a press conference on Thursday where he announced that the G7 meeting would be at Trump National Doral Miami in 2020. Reporters responded with many questions about self-dealing and the president's profits off of the event.
Megyn Kelly calls for investigation of NBC News in her first TV appearance since her blackface scandal
In her first TV interview since being fired by NBC News, Megyn Kelly publicly called for an outside investigation into her former employer.
“There needs to be an outside investigation into this company,” Kelly told Tucker Carlson as allegations that NBC covered up the sexual misconduct of former star anchor Matt Lauer. “They investigated themselves. That doesn’t work. Fox News had an outside investigators. CBS News had an outside investigator, NPR, the NFL. This is how it’s done."