Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

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OLD POST:

http://www.meteoram.com/wp-content/uploads/2019/10/Lehman_Brothers_Distributions_General_Information_-_Oct_2019.pdf

How much longer will it take for LBHI to complete its liquidation process?


In an update in September 2019, LBHI stated
“Future expenses and distributions are dependent in large measure on the resolution
of various legal matters involving the Company and its Non-Controlled Affiliates. The
remaining legal matters require resolution in the United States, as well as multiple
foreign jurisdictions, including the United Kingdom, France, Germany, India, Spain
and Australia. The timing for achieving final administrative or judicial resolution of
these legal issues is uncertain. As a consequence, [LBHI] cannot definitively specify
a date for the final termination of its activities”.