Pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators have declared a second and interim dividend of 43.3 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes.
This brings the cumulative dividend to 68.5 pence in the pound with further dividend payments expected in the future, although both the timing and quantum of these remain uncertain.
Payment of the second interim dividend will be made on, or around, 28 June 2013 to creditors with admitted claims. Further details of your claim and dividend calculation, if applicable, can be obtained from 5pm GMT on 21 June 2013 by accessing your user account on the Client Information Portal. Payments will be made to creditors in sterling via the Standard Settlement Instructions provided through the Client Information Portal.
In addition, the Joint Administrators confirm a first and final dividend of 100 pence in the pound being declared in respect of preferential claims (principally relating to former overseas branch employees).
If you have any queries in relation to the content of this update, please call your existing LBIE contact or send an email to generalqueries@lbia-eu.com.
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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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