Lehman Brothers Financial SA (LEHNQ)

[wayne49]

All I can say is the LBHI 2020 extension for the stay was before the 12/2017 Balance Sheet issuance which is where the wind down date was posted. If they do not have the intention of having everything finalized in 2019, they would not have issued that type of guidance post the 2020 extension grant date. The 2020 extension is a deadline. It can happen before, on but not after that date. I am going to roll and plan like we will see a resolution in 2019.

I am not sure what is left of LBIE or its circumstances. I would assume the LBIE 2020 date is similar to the LBHI date which is a deadline. I think LBIE will wrap up in 2019 too as with all the subs. At least all the major claims from LBHI and all the subs will be settled in 2019 and the remaining ongoing claims in litigation will extend out to 2020. Those will be reserved for and will be immaterial. And whatever we win from those claims post bk will be donated.