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Lehman Bros. Creditors to Get $4.6B Distribution

August 19, 2014 by Ryan Boysen

The first distribution of funds to unsecured general creditors of failed investment bank Lehman Brothers will release $4.6 billion, starting “on or about September 10,” a development commended by the Securities Investor Protection Corporation (SIPC) in a statement. The first round represents 17 percent of the total claims still held by general unsecured creditors, according… Read More >>

Filed Under: General Interest, Industry News Tagged With: bankruptcy, Financial Crisis, Lehman Brothers, Securities Investor Protection Corporation, SIPA, SIPC, unsecured general creditor

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