Lehman Brothers Financial SA (LEHNQ)

[stockbum9]

The reason for the June payout is that the funds from the JPM settlement were expected to have been available for the 9th distribution that happened in March. Because of Kuntz's appeals, the funds ended up not being available. Now that the appeals have been dismissed, they wanted to get the funds to the creditors ASAP in order before there was a chance of any more delays by means of additional appeals. If they waited until the normal distribution in Oct, there was concern a new appeal could prevent the settlement funds from being available even for that distribution.

I believe this extra distribution will be treated like any other distribution in the past, but I would love to be wrong about that. The wording in the docket makes it pretty clear though that it will be business as usual.