Lehman Creditors Pick Up Another $1.6B Payout

By Pete Brush (March 25, 2016, 4:35 PM EDT) -- The Lehman Brothers Holdings Inc. bankruptcy administrator said Thursday that a coming $1.6 billion distribution to creditors would bring its total payout to $106.9 billion, a recovery for general unsecured creditors that exceeds estimates before a $1.5 billion settlement with JPMorgan is factored in.

The distribution, to be paid March 31, is the ninth since confirmation of the fallen financial giant's Chapter 11 plan in December 2011, according to a court filing.

"Lehman's total distributions to unsecured creditors will amount to approximately $106.9 billion including $78.5 billion of payments on account of third-party claims, which includes non-controlled affiliate claims and $28.5...

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