Lehman Brothers Financial SA (LEHNQ)

[indepth05]

Correct.., but
There are still major legal obstacles holding up the final closure of LBHI’s bankruptcy case.
ie, LBF-Enasarco litigation, disputed affiliate claims, contested legal and financial contract issues, tax matters, (estimated tax liabilities (about $5.6 million as of October 2025) and other procedural court matters before the bankruptcy case can be fully closed
The most important is the ongoing LBF vs. Enasarco litigation in Switzerland which involves a disputed claim of CHF 67 million filed by Enasarco against Lehman Brothers Finance S.A. (LBF). This dispute affects a reserve held by LBHI related to a final disputed Class 9A guarantee claim. The litigation outcome and appeals process must be resolved for LBHI to release or reduce cash reserves related to this claim.As of now, there is no fixed upcoming court date, but the matter is awaiting the Supreme Court’s handling and ruling, 
And Yes!!....no bk closure before finalizing above matters...
Soon....