Attempt to speed up Lehman case blocked

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The Independent Online

Clients of Lehman Brothers in Europe may have to wait longer to get their assets back after a judge blocked a process to speed up the unwinding of the bankruptcy.

PricewaterhouseCoopers, administrator to Lehman's European business, had asked the High Court to approve a plan to accelerate the return of client's assets, tied up in the bank since its collapse last year. The High Court said it had no jurisdiction to sanction the scheme.