other
confidence high
sentiment neutral
materiality 0.30
Lehman Brothers files quarterly bankruptcy report; 30th distribution completed
LEHMAN BROTHERS HOLDINGS INC. PLAN TRUST
- Cash and investments fell from $110M (12/31/24) to $101M as of April 3, 2025.
- $99M distributed in 30th Plan Distribution on April 3, 2025; total distributions $129.4B to date.
- Estimated future cash flows reduced from $172M to $93M; remaining recovery rates under 0.12%.
- One disputed Class 9A claim remains (Enasarco vs LBF), outcome tied to Swiss litigation.
- Total allowed claims eligible for distribution: $194.7B; estimated remaining recovery ~$181M.
item 7.01item 9.01