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This is an archive article published on March 27, 2013

Lehman plans to distribute $14.2 bn to creditors

Lehman Brothers Holdings Inc on Wednesday said it plans to distribute about $14.2 billion to creditors early next month,as the company winds down following its emergence last year from bankruptcy protection.

Lehman Brothers Holdings Inc on Wednesday said it plans to distribute about $14.2 billion to creditors early next month,as the company winds down following its emergence last year from bankruptcy protection.

The distribution includes about $9.4 billion to third-party creditors and affiliates,$4.4 billion among other debtors,and $370 million for newly-allowed claims.

Lehman said the distribution will be made on April 4.

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