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 5th October 2018, Lehman Brothers Holdings Inc. (“LBHI”) paid its sixteenth distribution. The rates were a little over 0.486% in respect of the Class 5 Guaranteed Claim and a little under 0.622% in respect of the Class 4A Claim inherited from LBS. The distributions have been allocated to individual Accounts and, where we have received bank details, paid to customers.
Lehman Brothers Treasury B.V. (“LBT”) has announced that it will start to make its 14th distribution payment on 23rd October 2018. The distribution rate is 0.75% of claim valuations although the effective rate will be slightly different due to currency fluctuations. As soon as possible after receipt, the distributions will be allocated to individual Accounts and, where we have received payment details, BACS payments made to customers..
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.