Lehman Brothers Inc.

Case Details

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

Monday, September 17, 2018
Trustee provides Bankruptcy Court with the State of the Estate, and initiates a Sixth Interim Distribution and Accelerated Final Distribution Election

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.

Thursday, April 20, 2017
Trustee initiates Fifth Interim Distribution

The distribution of $226 million brings the cumulative payout to unsecured general creditors to 39 percent.

Monday, June 20, 2016
Affiliate Claims Resolved

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.

Thursday, April 28, 2016
Trustee initiates Fourth Interim Distribution

The distribution of $677 million brings the cumulative payout to unsecured general creditors to 38 percent.

Monday, July 13, 2015
SIPC Commends Lehman Trustee on Plans to Distribute Additional $1.9 Billion to Unsecured General Creditors

Distribution Would Bring Total Unsecured General Creditor Payout to $7.8 Billion

Friday, August 15, 2014
Friday, June 07, 2013
SIPC Applauds Lehman Trustee On Milestone 100 Percent Return Of Securities Customers' Property

No SIPC Fund Advances Needed To Satisfy Customers; Largest Return of Property to Customers of a Former Broker-Dealer Following a Bankruptcy and Liquidation

Tuesday, February 26, 2013
SIPC: Lehman Agreements To Result In Billions Of Dollars In Additional Customer, Creditor Distributions

If Approved, LBI Customers Will Be Made Whole; Billions of Dollars in Remaining LBIE and LBHI Creditor Claims Resolved

Friday, October 05, 2012
SIPC: Lehman Agreement Paves Way For 100 Percent Return Of Customer Property

Under Agreement, No SIPC Fund Advances Needed To Satisfy Customers; Resolves Tens of Billions in Claims From LBI's Single Largest Claimant