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Lehman Payout Tops $80 Billion, Creditors Get Another $17.9 Billion

4 years ago12 views

wochit

Wochit

Lehman Brothers Holdings plans next week to distribute about $17.9 billion to creditors, boosting its total payout to roughly $80.4 billion since it left its record bankruptcy, which helped trigger the global financial crisis.The semi-annual distribution is Lehman's fifth, and will be the largest since an initial $22.5 billion payout that followed the company's emergence from Chapter 11 on March 6, 2012. The payout will include $12.8 billion to third-party creditors and affiliates, plus $5.1 billion to other Lehman debtors and affiliates.

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