Lehman Brothers Financial SA (LEHNQ)

[BREAKER098]

I lied, one more post. I see your argument that the distribution reallocation Plan 6.4 is distributing per the plan until the LBHI bankruptcy cases is closed. I have more information for you.

The bankruptcy case itself doesn’t override the recovery distribution instructions in Section 6.4 of the Plan—it enforces them. The Plan is the legally binding framework that governs how distributions are made, and as long as the bankruptcy remains open, distributions continue per that framework.

As of now, there are no active fraud cases that would alter the distribution framework established in Section 6.4 of the LBHI bankruptcy plan. While there have been legal actions related to Lehman’s collapse, such as securities class actions and claims involving subordinated debts, these have not resulted in changes to the distribution priorities outlined in the bankruptcy plan.

For Class 10B claimants to receive distributions, all senior classes (Classes 3, 4A, 4B, and 5) must be fully satisfied. Given the current status of the bankruptcy proceedings, this scenario remains unlikely. Go figure…