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.
We received a final distribution from Lehman Brothers Treasury B.V. (“LBT”) on 7th May 2019. The distribution rate was a little over 2.22% of the LBT claim valuations. The payment derives 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. The distributions have been allocated to individual Accounts and, where we have received bank account details, forwarded to customers. More details to the background of the Final Distribution can be located here.
Lehman Brothers Holdings Inc. (“LBHI”) paid its seventeenth distribution on 5th April 2019. The rates were a little under 0.09% for the Class 5 Guaranteed Claim and a little over 0.11% for the Class 4A Claim. They are the lowest rates it has paid to date. The distributions have been allocated to individual Accounts and, where we have received bank account details, forwarded 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.