Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

A Delaware Trust is not a legal Trust if the securities' issued by the Trust (CTs) are canceled (July 25, 2017) and LBHI's Holding Company is legally holding the Delaware Trusts' only assets, relevant subordinate liabilities: True or False

The CTs' are still trading on a fake Expert Market: True

The CTs' were not redeemed: True

LBHI and LBH and DB are addressing this problem: I received a distribution letter in the mail from PWC. 👁️

October 10, 2023 Re Lehman Brothers Holdings PLC (In Administration)14 I don’t know if it is necessary to go through the
15 details of what happened after that ...
16 MR JUSTICE HILDYARD: No, I don’t think so, providing
17 everyone is content that all parties who think they may
18 have an interest in arguing the contrary knew this was
19 the time to come and say so.
20 MR BELTRAMI: My Lord, yes.
21 MR JUSTICE HILDYARD: And very closely related to that is
22 that the legal holders I think of the ECAPS notes, who
23 I think are BNY Mellon, are they?
24 MR BELTRAMI: Yes.💡
25 MR JUSTICE HILDYARD: And they -- I hope I don’t slight them

preferential subordinated
liabilities in accordance with the Framework Agreement recently entered into by, amongst
others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital
Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital
Funding III LP and 💡LBHI as the holders of relevant subordinated liabilities. In accordance
with the Framework Agreement (about which prior notifications have been published on
the website maintained by the Joint Administrators), a total of £187,187,072 is being
distributed in respect of the Company’s unsecured, non-preferential subordinated
liabilities.