August 04, 2015
The liquidating trustee for Lehman Brothers Inc. got approval from a New York bankruptcy judge Tuesday to distribute approximately $1.89 billion for customers of Lehman's brokerage business, pushing the total payout for unsecured general creditors to $7.8 billion.
July 10, 2015
Lehman Brothers Inc.'s liquidating trustee is urging a New York bankruptcy judge to wipe out a claim worth at least $61.5 million brought by FirstBank Puerto Rico, arguing that a recent Second Circuit decision over a federal law protecting securities investors prevents the bank from recovering anything from the estate.