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Lehman sets payouts to exit bankruptcy

Reuters/BNET, April 19, 2010

Lehman Brothers Holdings Inc laid out a plan to repay creditors a portion of some $1 trillion in expected claims, under a proposal that could resolve the largest U.S. bankruptcy in history. Lehman's proposal in a disclosure statement to a U.S. court was the first complete view of how it intended to exit the historic bankruptcy case following its collapse during the global financial crisis in September, 2008, Reuters reports.