Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

The BNYM's Costs are in the equation as well:

September 15, 2008 + 17 years = September 15, 2025

A) LBHI's Meritless Appeals Bullshit:

$98 m x 17 years = $1.666 Billion or until 2025

Amount available for the BNYM's distribution Fee: $ 97 million


B) IRS' Plan Trust Extension Bullshit:

LBHI's Safety Factor:
$98 m x 18 years = $1.764 Billion or until 2026

Amount available for the BNYM's distribution Fee: $ 0.0 on 9/15/2026.


Basis:

Total Liabilities and Stockholders' Equity $ 1,763 m = CTs' Successor Rights $1.763 Billion


Source and Basis: LEHMAN BROTHERS HOLDINGS INC. and LBHI-Controlled Affiliates
Balance Sheets As of October 5, 2023