Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

LBIE is still in administration (UK term for bankruptcy.) Still in administration as they clear up some pending claims. All the creditors have been paid in full (not satisfied in full). When ALL claims are cleared the company will be turned back over to the directors. Since no longer in BK it is technically a "going concern." That does not mean that they are back to business as usual. They have no ongoing business like LBHI. They will probably continue to wind down the remaining assets and distribute to shareholders. I seriously doubt that the directors will now try to raise capital to again become an investment bank.

This will not impact the CTs in anyway. Any funds derived from LBIE for LBHI will be distributed to more senior creditors.

https://www.pwc.co.uk/business-recovery/administrations/lehman/lbie_25th_progress_report_13_apr_2021.pdf

BTW, the next report for LBIE is due out any day.