Lehman Brothers sets third creditor payment

Lehman Brothers Holdings set its third payment to creditors for April 4 after getting a judge’s approval to abandon a previously fixed schedule for returning money.

The record date for the latest payment to holders of claims against the defunct investment bank is Feb. 23, Lehman said in a filing in U.S. Bankruptcy Court in Manhattan on Feb. 15. It didn’t say how much it would pay out.

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