Lehman plans to distribute $14.2 bn to creditorshttps://indianexpress.com/article/news-archive/web/lehman-plans-to-distribute-14-2-bn-to-creditors/

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.