Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>>>10.2 Purpose of the Liquidating Trust. Each Liquidating Trust shall be established for the sole purpose of liquidating and distributing the assets of the Debtor contributed to such Liquidating Trust in accordance with Treas. Reg. § 301.7701-4(d), with no objective to continue or engage in the conduct of a trade or business<<<

Keep in mind before the Modified plan was finalized there was talk that something like LAMCO could survive the bankruptcy. But the creditors turned that down. They were afraid if there was a surviving entity that it would not work to maximize value to the creditors and may make decisions that would benefit LAMCO over the creditors.
You may recall years ago that LAMCO was no longer. Yet, SWISS lied to everyone on this board and said he called and talked to an employee. Later he admitted his lie but weirdly called it "sarcasm." Obviously he doesn't know the difference.