Lehman Brothers Financial SA (LEHNQ)

[Fanatical Infidel]

Nice find Robigus!!

Am I reading this correctly? If this is approved September 9th, our claim will be getting over 500 million plus enhanced interest from the 6th distribution.

pg.7 of 20
LBSF’s investment of Cash reserved for claim number 66455 against LBSF is referred to herein as the “LBSF Investment”and LBCC’s investment of Cash reserved for claim number 66476 against LBCC is referred to herein as the “LBCC Investment” and collectively, the “Investments.”

pg.15 of 20
A. Approval of the Investments is in the Best Interests of Creditors
16. Pursuant to the Investments, LBSF and LBCC may loan to LBHI the LBSF Investment Amount and the LBCC Investment Amount in exchange for a rate of return that is enhanced compared to the rate that otherwise would be earned on the investment of such amounts. The Investments will make immediately available for distribution to holders of Allowed Claims against LBHI, including holders of Allowed Claims against LBSF and LBCC with corresponding Guarantee Claims against LBHI, amounts – over $560 million, plus any additional amounts to be reserved on account of the LBSF Claim and the LBCC Claim in connection with future Distributions – that otherwise would become available only after the disputes with JPMCB are resolved at some unknown future date. This accelerated Distribution will provide substantial benefit to the creditors of LBHI and creditors of LBSF and LBCC
holding allowed Guarantee Claims against LBHI.
17. In addition, enhanced interest will be paid on the Investments at the rate of 0.50% in excess of the interest rate paid on LBSF’s and LBCC’s investment of its other disputed claims reserves until such time as the LBSF Claim and the LBCC Claim are judicially resolved or settled. This enhanced return will increase the cash available for Distribution to creditors of LBSF and LBCC to the extent any portions of the LBSF Claim or LBCC Claim are disallowed.

http://dm.epiq11.com/LBH/Document/GetDocument/2513990