Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

When LBHI went bankrupt a large majority of them simply just started working for Barclays. but I saw one of the employees who filed the class action lawsuit for there stock units when LBHI went bankruptcy is now working for Barclays. same name and everything. But if they were filing a lawsuit for there stock then I assume that when Barclays bought LBI and hired the employees as part if the asset purchase agreement, that Barclays did not issue the employees new stock which is why the employees tried suing.

https://www.reuters.com/article/lehmanbrothers-decision/u-s-judge-rejects-lehman-workers-claims-on-stock-awards-idUSL2N1731DH

LBI was the brokerage Barclays purchased but all stock anyone purchased was LBHI. This is why I think LBI's conversion to a liquidating trust discussed stock distributions in which the stock they distribute can come from another entity which I think is LBHI.