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.
Lehman Brothers Holdings Inc. (“LBHI”) paid its eighteenth distribution to Meteor on 19th July 2019. The rates were a little under 0.2% of the claim values in respect of our Class 5 Guarantee Claim and a little over 0.25% of claim values in respect of the Class 4A Claim we inherited from Lehman Brothers Securities N.V. (“LBS”) in the wind-down of the LBS estate. The distribution has been allocated and, where we have payment details, paid to customers.
We received a final distribution from Lehman Brothers Treasury B.V. (“LBT”) on 7th May 2019. The payment derived from the partial wind-down of the LBT estate. We will no longer receive distributions from LBT but will continue to receive distributions from LBHI in respect of our Class 5 Guarantee Claim against LBHI in respect of its role as guarantor of the LBT securities. More details to the background of the Final Distribution can be located here.
The LBS estate was wound down in May 2015 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 and partial wind-down of the LBT, please click on the link Lehman Brothers Distributions General Information below.