Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Gee, Dor, I don't think I can answer that...

Oh, yeah...I can. Alvarez and Marsal. The son of my business partner works for them out of NY. He is not on the Lehamn assignment but has friends there.

Happy to help you with this info! i thought everyone knew because it is ofen shown in the monthly operating report. Guess not. Joe

In September 2008, Lehman Brothers Holdings Inc. (“Lehman”) filed for bankruptcy with limited pre-planning. A&M assumed management of the Lehman estate and its assets, including a global real estate portfolio with a marked-to-market value of $23 billion. The real estate portfolio consisted of senior and mezzanine loans, joint venture equity and real estate-owned (REO), unsecured corporate loans and a significant number of in-process development assets across all property types. Due to financial stresses leading up to bankruptcy, Lehman had encumbered much of its real estate portfolio through repurchase agreements and pledges. Complicating matters, Lehman had engaged in a sale of virtually all of its personnel and systems to Barclays at bankruptcy.