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Lehman Has 15 Billion Disputed Claim on Brokerage Unit

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Lehman Brothers Holdings Inc., which planned a second payment to creditors of $10.2 billion on Oct. 1, said that its largest claim on an affiliate is $15.2 billion owed by its defunct brokerage, Bloomberg News reported yesterday. Lehman had cash of $8.3 billion as of June 30, plus restricted cash of $13.6 billion, including money set aside for disputed claims and debts, the company said yesterday in a regulatory filing. It was owed $45.2 billion by affiliates, including the $15.2 billion claimed from the Lehman Brothers Inc. brokerage and $14.3 billion owed by a Swiss affiliate, Lehman Brothers Finance. The final amounts of both claims are being negotiated.