Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Due to cost, LBHI should stop making distributions until they settle their remaining legal cases ($12 Million in D25 is too small versus cost).

Quarterly Financial Report as of October 6, 2022 (Unaudited)
Page 5
Estimated Remaining Creditor Recoveries
The following schedules show the estimated remaining recoveries for LBHI by claim class, based on the “Estimated
Cash Available for Distributions” in the preceding table on page 4. The estimated remaining recoveries on page 4
and the schedule below do not include (a) potential recoveries from the Excluded Recoveries, and (b) estimates for
potential catch-up distributions on potential full or partial allowance of any disputed claims.
(1) Estimated Recovery percentages are calculated based on recoveries of Allowed Claims Eligible for Distributions
as reported on Exhibit B of the 25
th Distribution Notice filed on September 29, 2022. For purposes of this
calculation:
a. Allowed claims exclude (i) claims against LBHI satisfied in full through the combination of the primary
obligor and guarantee distributions from LBHI, and (ii) previously Allowed Claims that have been
withdrawn.
b. Disputed claims are assumed to be allowed at zero, and all cash reserves currently held on behalf of holders
of disputed claims are assumed to be released for the benefit of all holders of Allowed Claims.
c. Allowed Claims Eligible for Distributions exclude Allowed Claims that LBHI owns against itself.
(2) The 25
th Plan Distribution occurred on October 6, 2022 (“D25”). Through D25, the Debtors have made
distributions to creditors totaling $129.0 billion, of which $96.0 billion were payments on account of claims
owned or formerly owned by third party creditors.
($ in millions)
Lehman Brothers Holdings Inc.
Allowed Claims
Eligible for
Distributions (1)
Estimated
Remaining
Recovery
Estimated
Remaining
Recovery % as
of 10.06.22
Actual Recovery
% Thru D25 (2)
Estimated
End of Case
Recovery %
Class Designation $ $ A B = A + B
3 Senior Unsecured $ 82,521 $ 164 0.198% 46.526% 46.724%
4A Senior Affiliate Claims 33,537 60 0.177% 37.472% 37.650%
4B Senior Affiliate Guarantee 9,521 17 0.173% 36.566% 36.739%
5 Senior Third-Party Guarantee 30,558 42 0.139% 29.257% 29.396%
7 General Unsecured 4,930 9 0.184% 43.555% 43.739%
8 Derivative Affiliate / Affiliate Guarantee Claims 451 1 0.163% 34.427% 34.591%
9A Third Party Guarantee Derivatives 17,923 23 0.130% 27.539% 27.670%
9B Third Party Guarantee Derivatives RACER's - - 0.079% 16.743% 16.822%
10A Subordinated Class 10A Claims 3,399 - - - -
10B Subordinated Class 10B Claims 10,330 - - - -
10C Subordinated Class 10C Claims 1,493 - - - -
Total $ 194,664 $ 315
08-13555-mg Doc 61528 Filed 11/23/22 Entered 11/23/22 09:00:21 Main Document
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