Lehman set to exit bankruptcy

Lehman Brothers Holdings Corp, now just the odds and ends of the global financial behemoth that collapsed in September 2008, yesterday received court approval yesterday to exit bankruptcy early next year. Lehman may now wind down its remaining operations, US bankruptcy judge James Peck told a hearing in New York. Unsecured creditors, depending on their type of debt, will receive from about 21 cents to 28 cents on the dollar based on the type of security they held. Shareholders will receive nothing when payments to creditors start in 2012.