NEW YORK--(BUSINESS WIRE)--Lehman Brothers Holdings Inc. announced today in a court filing the percentage recovery that will be distributed on April 3, 2014 to holders of allowed claims against various Lehman Debtors.
Lehman’s fifth distribution to creditors pursuant to its confirmed chapter 11 plan will total approximately $17.9 billion. This distribution includes (1) approximately $11.7 billion of payments on account of third-party claims, which includes non-controlled affiliate claims, (2) $5.1 billion of payments among the Lehman Debtors and their controlled affiliates, and (3) $1.1 billion of payments on account of recently allowed third-party claims that would have been paid had those claims been allowed at the time of the previous distributions (see Exhibit B to the court filing, Docket # 43745, for further detail).
In accordance with the chapter 11 plan, which was confirmed on December 6, 2011, and subject to available funds, the Lehman Debtors’ sixth distribution to creditors is anticipated to be made within 5 business days of September 30, 2014.
The chapter 11 plan, related disclosure statement and other filings, including the filing referred to above, can be found at www.lehman-docket.com in the “Key Documents” section. Questions relating to the distribution can be directed to the Debtors’ claims agent, Epiq Systems, Inc., at 1-866-879-0688 (U.S.) and 1-503-597-7691 (Non-U.S.).