John Paulson's Fund Could Earn $726M From Discounted Shares Of Lehman Brothers

Fund's Bet On Post-Failure Lehman Brothers Could Reap Huge Rewards

Hedge-fund manager John Paulson made $4 billion betting against subprime mortgages, the market that ultimately helped destroy Lehman Brothers Holdings Inc. Now, his fund is poised to make hundreds of millions picking through the investment bank's remains.

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