Lehman Trustee’s Work Is Almost Done

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Not really! But, seriously, he’s ready to hand out most of what he’s got to give the bankrupt bank’s unsecured creditors before sitting down to fill out some hellaciously complicated tax forms.

James W. Giddens, the trustee unwinding the brokerage, said he would begin to hand out $2.6 billion to creditors Wednesday, about 75% of what he plans to send them during the first distribution. The rest of the roughly $3.5 billion will be repaid as Mr. Giddens receives required tax forms.

Lehman Brokerage Unsecured Creditors to Start Getting Money [WSJ]

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