LaSalle Re Holdings Ltd. (fka LSRAF)

[mrholty]

Temp-

I think we are the only people on this board. To let you know, I actually had a nice conversation with the guys doing the liquidation. Very nice and complementary fellow. Wouldn't/Couldn't say much but I appreciated that he would call me back personally from London by way of a few emails.

I would expect resolution within the year based on the fact that they appeared to be trying to sell the bonds and not wait for TAC.

I was specifically looking for information on the Trenwick Litigation Trust that was established when TAC was sepreated from Trenwick. Quite often these are funded and then the monies are returned upon completion of their litigation. The Litigation Trust sued in 2006/2007 and lost and was set to be disbanded no later than Oct 2010. I assumed this was funded by legacy shareholders and not TAC as the original documents were not clear. The rehabilitator said that he knew nothing about it and therefore it must be a TAC item. Unfortunate for Trenwick/LaSalle shareholders as I was hoping that maybe there could be a few million more but now doubtful.