Lehman Brothers Financial SA (LEHNQ)

[zulual]

Copy and paste from COTTON’s message

“ LBHI signed their August and September 2008 guaranties and security agreements prepetition.

Pre December 6, 2011, a deal was cut to contractually let LBHI’s creditors have the value of the CTs/TRuPS BNYM's Trusts (class 10ABC reallocations) and the value of the UK's ECAPS partnerships.

The CTs/TRuPS and ECAPS guarantees gives them the ability to receive payments without going thru the trusts or parnerships, respectively. This is why a subset of the ECAPS were given allowed claims (payments on their principal balance) on June 22 and July 12 of 2016 (see my previous posts). “