Lehman Brothers Financial SA (LEHNQ)

[dhyan40]

08-13555-scc Doc 55796 Filed 07/20/17 Entered 07/20/17
QUARTERLY FINANCIAL REPORT
AS OF APRIL 6, 2017
BALANCE SHEETS AND
POST-TWELFTH DISTRIBUTION CASH FLOW ESTIMATES

Page 41
Wind Down Expenses
The estimates herein assume that costs will continue
to be incurred to monetize remaining financial assets,
resolve outstanding litigations and disputed claims,
and to execute the wind-down of operations. As the
inventory of remaining assets is reduced, the
Company expects that it will continue to focus on the
management and resolution of claims, pursuit of
outstanding litigations, and administrative winddown activities. This continued focus is reflected in
these Post-D12 Cash Flow Estimates for
Compensation & Benefits and Professional Fees for
litigation, claims resolution, and wind-down
activities.
The estimates herein reflect the assumption that
although the preponderance of final asset
dispositions, resolution of remaining disputed claims,
pursuit of outstanding litigations, remaining
collections from Non-Controlled Affiliates, corporate
entity dissolutions, and financial and tax reporting
requirements will be completed by the end of 2019,
these Post-D12 Cash Flow Estimates include an
estimate for residual activities that may extend
beyond 2019.