Lehman Brothers Financial SA (LEHNQ)

[inesdefilia]

TIC TOC TIC TOC

"PRELIMINARY STATEMENT
1. The Trustee’s administration of the LBI estate is nearly complete.
Customers and administrative and priority general creditors have been paid in full and unsecured
creditors have received thirty-five percent (35%) distributions with the potential for future
distributions. Only a handful of disputed customer claim remain outstanding in litigation. Fewer
than 500 of the over 15,000 asserted general creditor claims remain unresolved, and the vast
majority of these unresolved claims relate to only a handful of pending litigations. Major
settlements with affiliates have been effectuated and significant recoveries from clearing banks
and other counterparties have been achieved. The Trustee’s administrative office was closed and
the estate no longer has any employees. Having reached these milestones, the Trustee is taking
measures to be in a position to expeditiously close the estate. "


13493 04/19/2016
Motion to Authorize / Trustees Motion for an Order Authorizing the Abandonment of Certain Lehman Brothers Inc. Data filed by Christopher K. Kiplok on behalf of James W. Giddens, as Trustee for the SIPA Liquidation of Lehman Brothers Inc. with hearing to be held on 5/10/2016 at 10:00 AM at Courtroom 623 (SCC) Responses due by 5/3/2016, . (Kiplok, Christopher)

Case: SIPC vs. Lehman Brothers, Inc.

Related: none