Lehman Brothers Financial SA (LEHNQ)

[real777mellon]

FINAL NOTICE, no opinionated untruths will be allowed specifically at others community posts when factually wrong and misleading to the community here of investors. STOP the spam.

The administration of Lehman Brothers International (Europe) (LBIE) and Lehman Brothers Holdings Plc (LBH PLC) in the UK is closely related to the Chapter 11 bankruptcy of Lehman Brothers Holdings Inc. Let me break it down for you:

LBIE (Lehman Brothers International (Europe)):
LBIE was the main trading company for the Lehman Group in Europe.
It is an unlimited company incorporated in England and Wales.
LBIE has been in administration since September 20081.
The administration process involves managing the company’s assets, liabilities, and legal proceedings.
LBIE’s immediate holding company, LB Holdings Intermediate 2 Ltd (LBHI2), which holds all the ordinary shares in its capital, has also been in administration since January 20092.
LBH PLC (Lehman Brothers Holdings Plc):
LBH PLC is another entity related to Lehman Brothers.
It is also in administration.
The administration process for LBH PLC aims to address its financial affairs, including claims from creditors and other legal matters.
Lehman Brothers Holdings Inc (LBHI):
LBHI is the ultimate holding company for LBIE and LBH PLC.
It was incorporated in Delaware and based in New York.
LBHI filed for Chapter 11 bankruptcy in the United States in 2008.
Chapter 11 bankruptcy allows a company to reorganize its debts and continue operating while developing a plan to repay creditors.
Connection:
LBIE and LBH PLC’s administration processes are part of the broader Lehman Brothers bankruptcy proceedings.
The outcome of these administrations impacts the distribution of assets, creditor claims, and legal disputes.
The recent court applications and judgments related to LBIE and LBH PLC have implications for the overall Lehman Brothers estate1.
In summary, the administration of LBIE and LBH PLC in the UK is intertwined with the Chapter 11 bankruptcy of Lehman Brothers Holdings Inc, as they are all part of the same financial group and affected by the same events and legal proceedings

Sources:
1 pwc.co.uk
2 vlex.co.uk
3 supremecourt.uk
4 ilauk.com