Reuters: Bankruptcy News: Lehman customers to receive full payout - trustee

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Lehman customers to receive full payout - trustee Jun 7th 2013, 13:45 NEW YORK, June 7 | Fri Jun 7, 2013 9:45am EDT NEW YORK, June 7 (Reuters) - Institutional customers of Lehman Brothers' collapsed brokerage will receive full payouts on their claims, James Giddens, the trustee winding down the brokerage, said on Friday. A settlement announced earlier this year between the brokerage, Lehman's defunct parent company and its European affiliate will provide for full payments for hedge funds, corporate affiliates, counterparties and other customers, Giddens said in a statement. Retail customers have already been paid in full.

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