“A guarantee State Street gave to OPG has been breached as OPG, because of the administration of Lehman Brothers in England, couldn’t access capital OPG gave into management of State Street,” the Amsterdam court said in a statement posted on its Web site, according to Bloomberg. Stichting Pensioenfonds OPG is a pension fund of Utrecht, Netherlands-based Mediq NV, owner of the country’s largest pharmacy chain and previously known as OPG Groep NV.
Spokespersons in London for State Street were not
available for comment, the news report said.
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