Lehman Bros customers must file for SIPC coverage:

Discussion in 'Retail Brokers' started by crgarcia, Oct 2, 2008.

  1. Hurry up, you have as little as 30 days after notice.

    Court deadline. The time set by the bankruptcy court for filing of customer claims is usually 60 days after the date the notice of the proceeding is published, but could be as little as 30 days after the publication date. The deadline appears in the published notice and a copy of the notice is mailed to customers along with claim forms and instructions that also prominently display the date. Pay close attention to the deadline set forth in the notice and be certain the trustee receives your claim in a timely manner.

    http://www.sipc.org/claim/timelimits.cfm
     
  2. Daal

    Daal

    they are only getting back $500k?they had millions afaik
     
  3. They get $500k now, so they don't have to wait for legal liquidations, which may take months or years.