Lehman Bros. 5.67 D Series Preferred ( fka LEHDQ)

[coach tequila]

LBIE/PWC CREDITOR UPDATE LINK

http://www.pwc.co.uk/eng/issues/lehmans_joint_administrators_progress_report_140409.html

Here is a link to the actual information released by PWC on the creditors update from September. This information just posted to the website.

As usual, the media posted the most disturbing news about an additional 90B that LBIE was going to claim against LBHI. When you look at the Executive Summary in Section 2, refer to area titled "Key Achievements" and "Progress".

Under "Key Achievements" you will see the following claims...
$38.4B against LBHI Controlled Entities
$80B Gross Claims against Non-LBHI Controlled Entities LBI, LBJ (Japan), LBF (Switzerland)

You will see under "Progress"
$90B "Guarantee" Claims against LBHI prior to guarantee claims bar date.

I believe that these two larger claims are protecting each other. If LBIE can't get paid by the claims it had filed under the Non-LBHI Controlled Claims, LBIE is covering themselves with the general guarantee claim that has to be filed soon...IMO these are the same claims. Read it for yourselves.

As always thoughts are welcome.

By the way, you know that LBHI is LBIE largest creditor RIGHT?

Enjoy, the truth will come out.

Coach T