{"id":5669,"date":"2014-08-21T00:00:00","date_gmt":"2014-08-21T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/08\/lehman_brothers_unsecured_cred"},"modified":"2022-05-06T11:50:15","modified_gmt":"2022-05-06T16:50:15","slug":"lehman-brothers-unsecured-cred","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/lehman-brothers-unsecured-cred\/","title":{"rendered":"Lehman Brothers’ Unsecured Creditors to Get $4.6B Payout"},"content":{"rendered":"\n

Pension funds, former employees, investment firms, and banks with unsecured claims against Lehman Brothers Holdings are finally getting an initial payout of $4.6 billion. That\u2019s about 71% of the unsecured claims against the broker-dealer to be recovered. These creditors of the firm have waited years to get their money back, ever since investment bank went into bankruptcy in 2008 with $613 billion in liabilities.<\/p>\n

Lehman\u2019s collapse helped instigate the global financial crisis and it was Barclays (BARC) that bought the brokerage business. It\u2019s trustee, James W. Giddens has already paid back brokerage customers the over $10 billion they were owed.<\/p>\n

In total, the Lehman parent company and its units have paid $57.1 billion to unsecured creditors. The majority of creditors are expected to get back up to 35 cents on the dollar.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Pension funds, former employees, investment firms, and banks with unsecured claims against Lehman Brothers Holdings are finally getting an initial payout of $4.6 billion. That\u2019s about 71% of the unsecured claims against the broker-dealer to be recovered. These creditors of the firm have waited years to get their money back, ever since investment bank went […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3824],"tags":[],"class_list":["post-5669","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-lehman-brothers"],"yoast_head":"\nLehman Brothers' Unsecured Creditors to Get $4.6B Payout — Investor Lawyers Blog — August 21, 2014<\/title>\n<meta name=\"description\" content=\"Pension funds, former employees, investment firms, and banks with unsecured claims against Lehman Brothers Holdings are finally getting an initial payout — August 21, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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