A buyer of Lehman debt at top prices nearly up to the time of the bankruptcy, Pimco also snapped...

|By:, SA News Editor

A buyer of Lehman debt at top prices nearly up to the time of the bankruptcy, Pimco also snapped up the bank's paper for pennies on the dollar following the filing. Now a significant Lehman creditor, Pimco is pushing a plan that would allow them to receive $0.24 on the dollar for their holdings.