Lehman Brothers Financial SA (LEHNQ)

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AI ?

What is the payout status of LBHI's Classes 6 thru 10B? In the Lehman Brothers Holdings Inc. (LBHI) Chapter 11 bankruptcy case, the senior creditor classes (LBHI Classes 3, 4A, 4B, and 5) were satisfied in full, including 100% of their court-approved allowed claims and post-petition interest, through a series of distributions that allowed the subordinated classes (such as Class 10B) to begin receiving payments after October 2021.


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As of early 2026, the Lehman Brothers Holdings Inc. (LBHI) Chapter 11 bankruptcy case is in its final wind-down, having successfully satisfied senior creditor classes (Classes 3, 4A, 4B, and 5) in full, including post-petition interest.
ElevenFlo
ElevenFlo
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Subordinated classes, including Classes 6 through 10B, are receiving payments, with the 31st distribution occurring on October 2, 2025, and a 32nd distribution scheduled for April 2, 2026.
Epiq 11
Epiq 11
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Payout Status and Key Updates (2025–2026):
Progress for Subordinated Claims: Following the full satisfaction of senior claims, LBHI has continued to pay subordinated creditors, with distributions occurring regularly.
31st and 32nd Distributions: The 31st distribution on October 2, 2025, included payments to subordinated creditors. The 32nd distribution scheduled for April 2, 2026, represents a continuation of this final payout phase.
Finalization of Claims: The remaining outstanding matters are mostly related to disputed claims (e.g., Class 9A), and the estate has reserved cash for these potential obligations, particularly for the LBF v. Enasarco litigation in Switzerland.
Plan Trust Extension: The Plan Trust has been extended through December 6, 2029, to manage the final wind-down and distributions.
Epiq 11
Epiq 11
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As of the June 30, 2025, quarterly report, LBHI senior unsecured creditors had received roughly 46.7% (with many classes ultimately paid over 100%), allowing for the flow of funds to lower-ranking classes. The ongoing distributions are aimed at resolving the remaining debt register, including subordinated Class 10B, as the case moves toward closing.