Lehman Brothers Holdings Inc., which is gathering money for its next payment to creditors, said it received bids of almost $1.9 billion at an auction for $4.2 billion of claims on its defunct brokerage, Lehman Brothers Inc.
Lehman Brothers Holdings Inc., which is gathering money to pay creditors, said it may try to sell some of the $14 billion in unsecured claims the defunct firm has against brokerage affiliate Lehman Brothers Inc.
General Electric Pension Trust will settle a dispute with the defunct Lehman Brothers Inc. brokerage by agreeing to take a $5.8 million claim on the bankrupt estate, down from the $356.6 million creditor claim it originally filed in 2009, according to a filing in federal court in Manhattan.
The gap between the rate to exchange floating for fixed interest-rate payments for two years and similar maturity Treasury yields have dropped below the 10- year swap spread to almost the lowest level since before the start of the financial crisis.
Creditors to Lehman Brothers International Europe may be repaid in full after administrators settled disputes with some of the failed investment bank’s affiliates, increasing the size of expected future recoveries.