The liquidation of Lehman Brothers Inc. commenced on Friday, September 19, 2008, in the United States District Court for the Southern District of New York. This date, Friday, September 19, 2008, is the filing date for which all claims are valued.
Trustee
The court appointed James W. Giddens as Trustee. The Trustee's website is available at http://www.lehmantrustee.com. You may contact the Trustee at:
(866) 841-7868 Domestic
(503) 597-7690 International
Case
The liquidation of Lehman Brothers Inc. is pending in the United States Bankruptcy Court for the Southern District of New York before Judge Shelley C. Chapman under Case Number 08-01420-scc
Case News
The Trustee reported to the Court that the LBI estate is in the final phase of completion, with distributions now exceeding $9.261 billion. The distribution of $170 million brings the cumulative payout to unsecured general creditors to 39.75 percent. The Accelerated Final Distribution Election provides unsecured general creditors the opportunity to receive an additional 1.48 percent recovery.
The distribution of $226 million brings the cumulative payout to unsecured general creditors to 39 percent.
The U.S. Bankruptcy Court approved the sale of LBI’s claim against Lehman Brothers Europe Limited (LBEL), resulting in net proceeds to the LBI estate of approximately $50.4 million.
The distribution of $677 million brings the cumulative payout to unsecured general creditors to 38 percent.
Distribution Would Bring Total Unsecured General Creditor Payout to $7.8 Billion
First Distribution to Unsecured General Creditors Will Commence in September.
No SIPC Fund Advances Needed To Satisfy Customers; Largest Return of Property to Customers of a Former Broker-Dealer Following a Bankruptcy and Liquidation
If Approved, LBI Customers Will Be Made Whole; Billions of Dollars in Remaining LBIE and LBHI Creditor Claims Resolved
Under Agreement, No SIPC Fund Advances Needed To Satisfy Customers; Resolves Tens of Billions in Claims From LBI's Single Largest Claimant
