Investment Banking

Lehman raises cash for creditors estimate to $90bn

Amount buoyed by settlement with German arm of the firm’s investment banking operation

Lehman raises cash for creditors estimate to $90bn

The team unwinding Lehman Brothers boosted its estimate of how much cash it expects to bring in for creditors to $90.6 billion, buoyed primarily by a settlement with Lehman Brothers Bankhaus, the German arm of Lehman’s investment banking operation.

The new projection represents a $1.8 billion increase over an estimate late last summer of $88.8 billion, according to the company's most recent cash flow estimates, filed Friday with the US Bankruptcy Court in Manhattan.

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