Lehman Brothers has emerged from bankruptcy and is now a liquidating company that will begin the process of paying back its creditors and investors before finally being wound up.
The one-time financial behemoth will start distributing what it expects to be a total of about $65bn to creditors on April 17, it said in a statement.
Lehmans has previously stated that first group of payments to creditors will be at least $10bn.
The collapse of Lehmans in 2008 is regarded by many as the height of the 2008 financial crisis.
Then, almost 1,300 days ago, Lehman Brothers Holdings Inc filed its record $639m bankruptcy, its businesses around the world collapsed, and investors from the smallest towns to the largest pension funds lost money.
Latest news and analysis
PA360 2019 revisited
Sector regulated by FPA
Future World funds
Achievements, charity work and other happy snippets