Lehman to Pay Out Additional $1.6 Billion to Creditors

The team winding down Lehman Brothers Holdings Inc. said Thursday it would be paying $1.6 billion to creditors next week, more than seven-and-a-half years after the investment bank’s collapse triggered the financial crisis.

The payout, the ninth since the investment failed, will bring the total payout in the firm’s bankruptcy to approximately $106.9 billion. The bulk of the cash?$78.5 billion?has gone to pay so-called third-party, or non-Lehman claims.

Most the latest payout, some $1.3 billion, is also earmarked for non-Lehman creditors and is slated to be made March 31.

Read on.

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