Defunct brokerage Lehman Brothers Inc. is on track to pay hedge fund and bank customers in full after 4 3/4 years in liquidation.
New payments starting today will return 100 percent of their money to all brokerage customers, trustee James Giddens said in a statement today. Previously, he said a full payment of more than $15 billion was likely when the brokerage settled its disputes with affiliates.
