Pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators have declared a first and interim dividend of 25.2 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. In addition, the Joint Administrators confirm a full and final settlement of 90.0 pence in the pound being made in respect of eligible claims admitted under the Small Claims Settlement Offer.
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Lehman Brothers filed for bankruptcy in the US courts on 15 September 2008. PwC were appointed as administrators, on the largest insolvency in history.
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