John Paulson set to earn up to 78% return on investment in Lehman Brothers bonds
|May 14th, 2011||
|John Paulson’s hedge fund Paulson & Co., famous for its role in profiting from the 2008 financial crisis, could profit even more from a downfall it helped engineer. Lehman Brothers, whose bankruptcy was caused by the collapse of the subprime mortgage market, is set to go to court to decide how to best repay its creditors. One of those creditors is John Paulson.|
John Paulson will go to court to push his plan for Lehman’s bankruptcy, looking to recover about 25 cents on the dollar. On his side are the California Public Employees’ Retirement System and San Mateo County.
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