Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

Newflow,

This doc is for LBI (SIPA), not LBHI. The $123b was the beginning amount. Now LBI has ~$550M left in admin.

The LBHI estate has about $7B left (see link below)


http://document.epiq11.com/document/getdocumentbycode/?docId=3159395&projectCode=LBH

From the document..
Approximately $7 billion of assets remain in the Estate, including cash (much of which is reserved for disputed claims), net of future operating expenses and excluding potential litigation recoveries

Significant contingent and unliquidated claims remain unresolved estimation and other strategies will be required to resolve these claims

450+ claims remain unresolved seeking over $28.6 billion, and the resolution of which will likely require substantial judicial resources and Court time

–Remaining matters:

Big Banks –Citi and Credit Suisse

RMBS related issues

Other Matters –dissolution of non-debtor affiliates and guaranty claim issues