Lehman Brothers Financial SA (LEHNQ)

[solgari]

LBIE (International Europe):Closed
After years of surplus distributions, the administration of LBIE officially concluded in late 2025. It is the most significant Lehman subsidiary to fully "cross the finish line."

LBHI2 (International-2):Extended
The extension to November 30, 2026, was approved to allow the administrators to resolve final intercompany claims and distribute the remaining surplus, which is tied to the waterfall of other UK entities.

LBH PLC (Holdings PLC):Requested
The request to extend to 2027 is primarily driven by the complexity of the remaining assets and the "trickle-down" effect. They cannot close until the entities below them in the capital structure (like LBHI2) have finished their final distributions.

LBHI (US Parent):Extended
The US Bankruptcy Court recently authorized the extension of the Plan Administrator’s term through December 2029. This is largely due to the sheer volume of Class 10B claims and the ongoing 30+ distribution. cycles.