Many Lehman customers to start getting their money back, five years after the collapse

Lehman Brothers will start providing full payments for hedge funds, corporate affiliaites, counterparties and other customers. Payments will come from the defunct parent company and its European affiliate after many have been waiting nearly five years.

According to the trustee liquidating the assets, James Giddens, the distributions will be "completed as promptly as possible".

Total customer payback will exceed $100bn after the latest round of distributions, including $92bn paid to retail customers in 2008. Lehman's parent bankruptcy was the largest in history, with $639bn in assets.