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Monday, November 17, 2008

Lehman Administrators' Task Will Dwarf Enron, Creditors Told

European arm has more than $500bn of debt·
Collapsed bank's creditors expect less than 10%
By Simon Bowers
Speaking after the first creditors' meeting, a team from PricewaterhouseCoopers said they had identified more than $1tn (£670bn) in assets and liabilities that need to be accounted for.
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