|Lehman Borthers Australia|
liquidator Marcus Ayres.
Photo courtesy PPB Advisory
Lehman Brothers Australia (LBA) is such a liquidation. Since their appointment in 2009 PPB Advisory’s Marcus Ayres and Steve Parbery have dealt with complex financial instruments backed by tainted mortgage pools; multi-jurisdictional legal wrangles; hardball insurance syndicates and class actions mounted by plaintiffs scarred when the aforementioned derivatives exploded.
On Wednesday the liquidators faced LBA creditors assembled at the Bligh Street offices of Clayton Utz to discuss their latest report.