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In re: Lehman Brothers Inc.

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Case Number:

1:08-ap-01420

Court:

New York Southern

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  1. November 01, 2019

    Ex-Lehman Workers Lose $260M Pay Challenge In 2nd Circ.

    The Second Circuit on Friday told a group of former Shearson Lehman Brothers Inc. workers that they need to get in line behind other unsecured creditors of the bankrupt brokerage firm for the $260 million in deferred pay they claim they are owed.

  2. October 21, 2019

    Ex-Lehman Workers Say Contracts Allow $260M In Pay Claims

    Counsel for former Shearson Lehman Brothers Inc. workers seeking $260 million in deferred pay told a Second Circuit panel Monday that employment contract clauses that would put them in line behind unsecured Lehman creditors went defunct before the firm did.

  3. June 25, 2018

    Lehman Judge Approves Deutsche Bank Claim Payout Plan

    A New York bankruptcy judge on Monday approved a payout process for holders of general unsecured claims against Lehman Brothers Inc. that will allow the holders to sell their remaining interests to Deutsche Bank AG as the defunct brokerage nears the end of its wind-down.

  4. November 02, 2016

    Goldman, Lehman Settle Bankruptcy Claim For $5.9M

    A New York bankruptcy judge on Tuesday approved a $5.9 million settlement between Lehman Brothers Inc. and Goldman Sachs & Co. in the former's Chapter 11 case, putting to rest Goldman's claims that LBI was partially liable for securities litigation against Goldman.

  5. June 29, 2016

    Lehman Brothers Trustee Doles Out $667M To Creditors

    The court-appointed trustee tasked with distributing the proceeds of the liquidation of Lehman Brothers began the latest distribution to unsecured creditors Wednesday, with a plan of sending out $677 million from the estate of the banking institution that filed for bankruptcy in 2008.

  6. May 18, 2016

    Lehman Brothers' Trustee Seeks OK On $677M Creditor Payout

    The court-appointed trustee overseeing the liquidation of Lehman Brothers' failed brokerage firm sought a New York bankruptcy judge's approval Wednesday to distribute $677 million to unsecured creditors, which he said would bump their recovery to 38 percent.

  7. April 29, 2016

    Hughes Hubbard Fees Top $371M For Lehman Wind-Down

    Hughes Hubbard & Reed LLP’s fees for overseeing the liquidation of Lehman Brothers’ failed brokerage firm have topped $371.5 million, according to papers filed Thursday in New York federal court amid the Herculean effort of guiding one of the most complex bankruptcies in U.S. history.

  8. November 23, 2015

    FirstBank's $62M Claim Against Lehman Brothers Nixed

    A New York bankruptcy judge on Monday wiped out FirstBank Puerto Rico's $61.5 million claim against Lehman Brothers Inc. over a soured interest rate swap agreement, ruling that the bank doesn't qualify as a customer under a federal law designed to protect securities investors.

  9. October 08, 2015

    Star Lehman Trader's $83M Bonus Claim Mostly Rejected

    A New York bankruptcy judge nixed the bulk of former Lehman Brothers Inc. star trader Jonathan Hoffman's $83 million claim for bonuses he said he was entitled to, ruling Wednesday that Hoffman was already paid what he was owed by Barclays PLC when the bank acquired Lehman's brokerage business in 2008.

  10. September 03, 2015

    Lehman Trustee Takes Aim At $260M Compensation Claims

    Lehman Brothers Inc.'s liquidating trustee asked a New York bankruptcy court Wednesday to reclassify $260 million worth of claims brought under a deferred compensation plan for executives and other employees of the failed brokerage business.