(17 March 2010 – USA) Lehman Brothers Holdings Inc has set the stage for a comeback, filing a reorganisation plan with the US bankruptcy court.The firm is looking to bring to an end the largest bankruptcy case in United States history by proposing, to the Manhattan court, to create an asset management business called LAMCO.
The failed company is hoping to gain approval to specialise in the management of Lehman’s commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets.
The Economic Times reported, that a spokesperson for the firm said that LAMCO would provide management services to Lehman, administer its assets and offer long-term employment opportunities for the hundreds of Lehman employees working to liquidate the former investment bank’s estate.