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.
Lehman Brothers sets third creditor payment
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August