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Lehman Boosts Bankruptcy-Recovery Estimate

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Lehman Brothers Holdings Inc. expects to bring in $67.5 billion from the liquidation of its assets, an increase of $6.4 billion from an earlier estimate, boosted by gains from its real-estate holdings and derivatives positions along with recoveries from settlements with foreign affiliates, the Wall Street Journal reported on Saturday. In addition, Lehman said that it plans to make a second distribution to creditors Oct. 1, although it declined to comment on how much creditors can expect to see this round. Earlier this year, Lehman made its initial distribution to creditors, paying out $22.5 billion, more than double its original estimate.