Marketplace®

Daily business news and economic stories

Lehman Brothers begins planning $65 billion payout

And this final note. The biggest bankruptcy in U.S. history may soon be history. Today, a judge granted approval for creditors of Lehman Brother…

Lehman Brothers begins planning $65 billion payout

And this final note. The biggest bankruptcy in U.S. history may soon be history.

Today, a judge granted approval for creditors of Lehman Brothers to vote on a $65 billion payback plan. Yes, it’s been just shy of three years since the investment giant imploded, helping set off the financial crisis, and creditors are still working out who gets what from the scrapyard.

Even if the plan gains approval later this fall, Lehman says payouts would not begin until — at the earliest — the first quarter of next year.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace Tech
    an hour ago
    11:03
  • Marketplace
    12 hours ago
    25:19
  • Make Me Smart
    18 hours ago
    19:00
  • Marketplace Morning Report
    21 hours ago
    6:55
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45