LBI SIPA Docket #2676 there is an affidavit about LBI finding $532M for the Woodlands Account. If I read this correctly, this money will go to Woodlands Bank directly form LBI.
Also, if I am not mistaken, both Woodlands and the Fed NY have put in a claim for $500M+ regarding this money. Now it should come dollar for dollar to Woodlands (a non-debtor LBHI controlled entity) and also come off of the claims side.
Just another example of how they keep finding assets for Lehman.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.