Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Lehman Settles Disputes Over Claims With Swiss Affiliate

Lehman Brothers Holdings Inc. settled its disputes over claims with a Swiss affiliate, the latest in a line of agreements after years of fighting about who owes what to whom.

Terms of the settlement with Lehman Brothers Finance AG weren’t disclosed in Lehman’s statement today announcing the deal. The defunct investment bank said a copy of the agreement will be filed in court in the next few weeks as part of a request to a judge to approve the pact and that an April 24 court hearing will follow.

Lehman’s claims on affiliates, and amounts owed to them, are among its largest single class of claims. Last year it said it was owed $45.2 billion by affiliates, including the $15.2 billion claimed from its defunct brokerage and $14.3 billion owed by the Swiss affiliate. Last month, Lehman settled its differences with the brokerage, Lehman Brothers Inc., which granted it a $2.3 billion customer claim plus $14 billion in unsecured claims.

Lehman, which is still liquidating and trying to cut claims more than four years after it collapsed, plans a third payment to creditors on April 4, of $14.2 billion.

So far, Lehman has paid creditors about 9 cents on the dollar, or half of what it said it expects to pay by about 2016.

Lehman failed in September 2008, filing the biggest bankruptcy in U.S. history, because of too much debt and risky real estate investments, according to an examiner’s report.

The main case is In re Lehman Brothers Holdings Inc., 08-13555, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.