Lehman Brothers Holdings Capital Trust V (LHHMQ)

[DJN]

https://www.rns-pdf.londonstockexchange.com/rns/6391X_1-2022-8-30.pdf

WTF, LBHI YOU issued the subordinated notes to LP IV and LP V. You need to pay up LBHI!!! and... I want interest too for your shady accounting.

How do you issue something, but NOT have any responsibility to what you issued.
ACCOUNTABILITY is required here!!!


Claims by LP IV and LP V against LBHI
4.30 It was LBHI and not LBH that issued subordinated notes to LP IV and LP V in return for
the payment of the regulatory capital that was raised by the issuance of the Securities
by LP IV and LP V. The LP IV and LP V Partnerships may have a claim for payment of
a dividend by LBHI in relation to the subordinated notes that were issued. This is a
matter that the Joint Liquidators are continuing to keep under review. However, it is the
Joint Liquidators’ understanding that LBHI’s subordinated debt holders are currently
not expected to receive any distribution. The Joint Liquidators therefore understand that
the prospects of any recovery from LBHI in relation to these claims are very low.