Lehman plans third round of payouts

03/28/2013 | Reuters

Lehman Brothers Holdings announced plans to distribute $14.2 billion to creditors, affiliates and debtors April 4. The distribution would be the company's third round of payments, with a fourth round expected in September. Lehman also reached a settlement with Lehman Brothers Finance, its former derivatives unit based in Switzerland, over intercompany claims, pending court approval.

View Full Article in:

Reuters

Published in Briefs: