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Lehman Still Has Billions in Assets and Unresolved Claims

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Nearly seven years after collapsing, Lehman Brothers still has $15 billion in assets and $68 billion in claims to resolve, Dow Jones Daily Bankruptcy Review reported today. The failed investment bank said in a filing that it is now focusing its attention on litigation and contested claims that have yet to be settled. "The wind-down is entering a phase during which increasingly more court resources will be required to advance the process and provide final resolution and distributions to creditors," Lehman said in its annual "state of the estate" filing made with the U.S. Bankruptcy Court in New York on Tuesday.