Lehman bankruptcy: still creating shockwaves

Tax officials in Austin Texas are concerned that the nearly $18 million that Lehman Brothers and others owe on their ownership stake in ten Austin buildings.  Its seems that the other owners are embroiled in lawsuits with the bankrupt investment bank to get them to pay their fair share but that the money is due now and the lawsuit, not surprisingly, hasn’t resolved the issue.  $9.5 million of this money owed to the Austin school district.

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Tags: Austin, bankruptcy, Lehman Brothers Bankruptcy, Linkedin, property tax