Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>but since the amount is so low does anyone else find It a bit weird that lehman even did a claims consolidation like this in the first place? they could have just boughten the claims themselves without the need of a sponsor in the near future. Only reason I see is the sponsor will fund or inject new money into the lehman capital as well. IMO <<

Swiss, Obviously you are confused about the process. LBHI is facilitating an auction and will be soliciting bids from parties wishing to purchase Eligible Claims against LBHI. The "sponsor" will be the winning bidder. No capital will be flowing to LBHI. LBHI has no funds to buy the claims themselves. The sponsor is buying claims against the estate of LBHI. That sponsor as the new owner of the claims will receive payment from the liquidation of remaining assets.