Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

new finds/theories???

LBHI’s creditors LBHI’s current view of the methodology it may employ, to allocate
to individual defendants in the Actions, their allocable share of LBHI’s $2.38 billion liability to
certain RMBS Trustees

While the Actions seek full indemnification for LBHI’s losses, damages, judgments, and
liability with respect to each breaching (or At-Issue) mortgage loan, LBHI always has
acknowledged that its ultimate recovery will be based upon the $2.38 billion liability the Court
fixed in 2018, not gross loan-level losses. Each defendant’s share of this liability will be
established based upon an allocation methodology ultimately determined by LBHI’s experts. The
allocation methodology will likely be applied to all originators and brokers that owe LBHI
indemnification, regardless of the originator’s or broker’s status as a defendant in the Actions.2
This ensures that no defendant in the Actions is asked effectively to subsidize another originator’s
or broker’s allocable share of LBHI’s liability to the RMBS trustees.

so there is some type of alternative trust set up where other things are being placed?? toogood and jovi are right??