Lehman Brothers Update
Lehman Brothers Distributions - Receiving your distributions
Customers who have not given us payment instructions should contact us to arrange the receipt of the distributions allocated to their account. Our contact details can be found here.
On 24th January 2019, Lehman Brothers Treasury B.V. (“LBT”) issued an Information Notice announcing its plans for a partial wind-down of its liquidation process under which we will receive a Final Distribution. This is currently scheduled to be paid on 2nd May 2019 and we will not know how much is payable until closer to the time that the Distribution is paid. We will update this information as soon as we hear of any further developments on the progress of the partial wind-down which, it should be noted, is not guaranteed to proceed as planned. More detailed information about the partial wind-down and how the Final Distribution will be funded can be located here.
Lehman Brothers Holdings Inc. (“LBHI”) has announced its plans to make its seventeenth distribution on or around 4th April 2019. It usually announces the distribution rates applicable to our Class 5 Guaranteed Claim and Class 4A Claim ten days or so before the distribution date. The information on this page will be updated as soon as we receive news of those rates. When they are received, the distributions will be allocated to individual Accounts and forwarded to customers as soon as possible.
The LBS estate has been wound down and no further distributions are payable from LBS.
For general information on the background, calculation and total distributions paid to date, including details of the wind-down of the LBS estate, please click on the link Lehman Brothers Distributions General Information below.