New York • Unsecured general creditors of Lehman Brothers will get $4.6 billion in their first round of payouts from the bankrupt investment bank next month.
Lehman's bankruptcy in September of 2008 marked the start of the global financial crisis and was a major catalyst of the financial meltdown. It was the largest ever bankruptcy in U.S. history, with Lehman listing $639 billion in assets at the time.
Trustee James Giddens filed a notice on Friday about the distribution, which is expected to start around Sept. 10.
Unsecured general creditors had to wait for their distribution as all customer claims were satisfied first. The claims of secured and priority general creditors also were fulfilled.