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Lehman Trustee Seeks to Pay Another $2.2 Billion

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The official winding down Lehman Brothers Holdings Inc.'s brokerage business said yesterday that he plans to return another $2.2 billion in cash to former employees and other creditors, more than six years after the investment bank's collapse, Dow Jones <em>Daily Bankruptcy Review</em> reported today. <b>James W. Giddens</b>, the court-appointed trustee winding down Lehman's broker-dealer, said in a filing yesterday that he was seeking court approval to make another distribution to unsecured creditors. Combined with the $3.7 billion he has already paid, the brokerage's creditors will have recovered about 27 cents on the dollar.