Lehman Brothers Financial SA (LEHNQ)

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The specific monetary cost incurred by Lehman Brothers Finance SA (LBF) liquidators to reject Enasarco's claim is not a publicly disclosed figure. The costs associated with such complex, multi-jurisdictional legal proceedings are part of the overall administrative and legal expenses of the LBF Swiss bankruptcy estate, rather than a single, itemized cost figure available for public review.
While the exact cost isn't public, general information regarding the legal battle is known:
Enasarco's Claim Amount: Enasarco initially filed a claim for approximately US$61.5 million. LBF's liquidators rejected this, arguing that Enasarco actually owed LBF around US$30.8 million.
Court Proceedings: The dispute involved litigation in both Swiss and English courts, including the English High Court ruling on the calculation method in 2015. The Swiss proceedings are the forum for the final determination of the claim's validity under Swiss law.
Cost Allocation: Under Swiss civil procedure, the losing party is typically ordered to bear the court costs and a limited amount for the winning party's legal fees, based on official tariffs and the value in dispute. The actual legal fees incurred by the parties often exceed these tariffed amounts.
LBHI Connection: The final allowed amount of this claim against LBF is a contingency that impacts the broader Lehman Brothers Holdings Inc. (LBHI) plan trust beneficiaries, underscoring the significance and likely high cost of the ongoing litigation.
The costs involved would be substantial, covering years of high-level legal representation across multiple jurisdictions, but an exact dollar amount is not detailed in public records.

AI Overview



Based on the provided search results, the specific, quantified legal fees or administrative costs incurred by the Lehman Brothers Finance SA (LBF) liquidators for rejecting Enasarco's claim are not explicitly stated.
However, the following key details regarding the dispute and its associated costs are available:
The Disputed Amount: The initial claim rejected by LBF's Swiss liquidators was approximately US$61.5 million (plus interest).
Counter-Claim: LBF argued that Enasarco (via ARIC) actually owed LBF approximately €43 million (or roughly US$30.8 million).
Context of Costs: The rejection led to complex, multi-year litigation in both Swiss and English courts.
LBHI Reservation: Lehman Brothers Holdings Inc. (LBHI) has reserved for the full potential obligation under this agreement, including corresponding Plan Adjustments and interest, entirely in cash, indicating the high financial stakes involved in this dispute.
As of the latest reports, this dispute (Class 9A – Third Party Guarantee Derivative claim) remains one of the last outstanding issues before LBHI can fully conclude its bankruptcy proceedings.