The Lehman recovery advances… March 27, 2013 at 4:40 pm

…a little.

From Reuters:

Lehman Brothers Holdings Inc said on Wednesday it plans to distribute about $14.2 billion to creditors early next month… [this] will increase total distributions to about $47.2 billion, with two-thirds going to third parties.

The company has said it hopes to distribute more than $65 billion, on average about 21 cents on the dollar for allowed claims…

Following the distribution, holders of senior unsecured claims against the parent company will have received about 14.8 cents on the dollar on their claims

So, five years on, more or less, we are up to 15% recovery, with 20% in sight. Hmmm.

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