Lehman Set to Pay $17.9 Billion to Creditors Next Month
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Lehman Brothers Holdings Inc.’s creditors are set to receive about $17.9 billion next month in the fifth such distribution since the company filed the biggest U.S. bankruptcy at the peak of the financial crisis.
The payout scheduled for April 3 will include about $11.7 billion on third-party claims and $1.1 billion for recently allowed claims that would have been paid by earlier distributions, lawyers for the defunct investment bank said today in a filing in U.S. Bankruptcy Court in New York. A sixth payout is expected around Sept. 30, Lehman said.