FYI... Same BS as 14+ years ago... I send emails to all of those crooks..
On Wed, May 18, 2022 at 10:58 AM
Dear Mr. XX,
Thank you for your inquiry. As you know, Lehman Brothers Holdings Inc. (“LBHI”) filed for bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) on September 15, 2008. The chapter 11 plan confirmed by Bankruptcy Court in 2011 (the “Plan”) cancelled all outstanding LBHI stock (including the preferred stock) and the Plan Trust Stock (as defined in the Plan) was issued to the LBHI Plan Trust for the benefit of all former LBHI stock owners consistent with their former relative priority and economic entitlements. Therefore, in regard to the preferred LBHI stock you owned pre-bankruptcy, you now have an interest in the LBHI Plan Trust. Pursuant to the Plan, in the event that all Allowed Claims (as defined in the Plan) in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, former holders of LBHI equity interests may receive its share of any remaining assets of LBHI consistent will all rights and priorities existing immediately prior to the commencement of the chapter 11 cases through the LBHI Plan Trust. At this time it is not anticipated that any distribution will be made to the LBHI Plan Trust or to any beneficiary of the LBHI Plan Trust.
In connection with the preferred capital trust interests you refer to below, at this time it is not anticipated that any distribution will be made to BNY Mellon, as trustee for the various capital trusts, on account of its filed claims in the LBHI bankruptcy proceeding with respect to the interests held by the capital trusts.
For more information, please see the Frequently Asked Questions section of our website (www.lehman-docket.com). The FAQs are available in the “Distribution and Claims Information” section of the “Overview” tab.”
