NEW YORK--(EON: Enhanced Online News)--Lehman Brothers Holdings Inc. announced today in a court filing the percentage recovery that will be distributed on October 3, 2013 to holders of allowed claims against various former Lehman Debtors.
Lehman’s fourth distribution to creditors pursuant to its confirmed chapter 11 plan will total approximately $15.6 billion. This distribution includes (1) approximately $11.1 billion of payments to third-party creditors and non-controlled affiliates, (2) $4.1 billion of payments among the Lehman Debtors and their controlled affiliates, (3) $276 million of payments to recently allowed claims of amounts those claimants would have received had those claims been allowed at the time of the previous distributions, and (4) $60.7 million of post-petition interest to holders of allowed claims that have been satisfied in full (see Exhibit B to the court filing, Docket # 40225, for further detail).
In accordance with the chapter 11 plan, which was confirmed on December 6, 2011, and subject to available funds, the Lehman Debtors’ fifth distribution to creditors is anticipated to be made within 5 business days of March 30, 2014.
The chapter 11 plan, related disclosure statement and other filings, including the filing referred to above, can be found at www.lehman-docket.com in the “Key Documents” section. Questions relating to the distribution can be directed to the Debtors’ claims agent, Epiq Systems, Inc., at 1-866-879-0688 (U.S.) and 1-503-597-7691 (Non-U.S.).