Lehman’s 19th Distribution to Creditors Totals About $393M

Lehman Brothers Holdings announced in a court filing the percentage recovery that will be distributed on Oct. 3 to holders of allowed claims against LBHI and various affiliated debtors.

• Aggregate nineteenth distribution to unsecured creditors pursuant to confirmed chapter 11 plan will total about $393 million
• Distribution includes $354 million of payments on account of third-party claims, which includes non-controlled affiliate claims, $39 million of payments among Lehman Debtors & controlled affiliates
• Cumulatively through nineteenth distribution, Lehman’s total distributions to unsecured creditors will amount to about $127.9 billion including $95 billion of payments on account of third-party claims, which includes ...