Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

JT99,

Appears Deutsche is buying up LBIE claims. See latest dockets
http://dm.epiq11.com/#/case/LBH/dockets

http://www.telegraph.co.uk/business/2016/10/11/lehman-brothers-creditors-to-be-spared-a-1bn-uk-tax-bill-after-c/


From the article...

Lehman’s underlying business was in fairly good health, and the European arm has an estimated surplus of more than £5bn, possibly rising above £7bn by the time the administration is complete.

Administrators at PwC have already paid back everything owed to creditors whose claims they have accepted, and are awaiting the green light to pay the extra dividends. The administration is due to run until at least November 2019, but could be extended for a sixth time if needed.

"We would hope and expect to work constructively with HMRC to develop an appropriate interim arrangement so that creditors do not face any unnecessary delays from the appeal as the joint administrators' plan for a distribution of interest next year takes shape,” said Russell Downs, joint administrator for LBIE and PwC partner.