Hedge Fund News From HedgeCo.Net

Lehman to Pay Creditors Another $10.5 Billion

Reuters – Lehman Brothers Holdings Inc. on Tuesday [Sept. 25] said it will pay about $10.5 billion to creditors starting early next month, the second leg of a plan to eventually pay out more than $65 billion.

Lehman will distribute the money to affiliates and subsidiaries, as well as to third-party creditors, according to a filing in Manhattan bankruptcy court.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply