Third Distribution Percentages Announced for Lehman Brothers Holdings Inc.
and Its Debtor Affiliates
NEW YORK -- March 27, 2013
Lehman Brothers Holdings Inc. announced today in a court filing the percentage
recovery that will be distributed on April 4, 2013 to holders of allowed
claims against various former Lehman Debtors.
Lehman’s third distribution to creditors pursuant to its confirmed chapter 11
plan will total approximately $14.2 billion. This distribution includes (1)
approximately $9.4 billion of payments to third-party creditors and
non-controlled affiliates, (2) $4.4 billion of payments among the Lehman
Debtors and their controlled affiliates, and (3) $370 million of payments to
recently allowed claims of amounts those claimants would have received had
those claims been allowed at the time of the previous distributions (see
Exhibit B to the court filing, Docket # 36209, for further detail).
In accordance with the chapter 11 plan, which was confirmed on December 6,
2011, and subject to available funds, the Lehman Debtors’ fourth distribution
to creditors is anticipated to be made on or about September 30, 2013.
The chapter 11 plan, related disclosure statement and other filings, including
the filing referred to above, can be found at www.lehman-docket.com in the
“Key Documents” section. Questions relating to the distribution can be
directed to the Debtors’ claims agent, Epiq Systems, Inc., at 1-866-879-0688
(U.S.) and 1-503-597-7691 (Non-U.S.).
Lehman Brothers Holdings Inc.
Kimberly Macleod, 646-285-9215
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