Lehman: Post-filing cash from operations estimate up to $80.6 billion

By Caroline Salls

Pittsburgh, July 23 - Lehman Brothers Holdings Inc. and its controlled affiliates' total cash from operations for the period subsequent to their bankruptcy filing is now estimated to be $80.6 billion, reflecting a $15.8 billion increase from cash flow estimates filed with the U.S. Bankruptcy Court for the Southern District of New York in July 2012, according to a news release.

Lehman said the increase primarily resulted from the inclusion of recovery estimates for receipts from some non-controlled affiliates, which had been excluded from previous estimates because settlements were not finalized at the earlier reporting date.

The increase also stemmed from increases in the estimated value of some assets and positive execution results.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company emerged from bankruptcy on March 6, 2012.

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