Lehman Bros 7.25% Pref'd Series P (fka LEHPQ)

[DJN]

June Cash

http://www.bloomberg.com/news/2011-07-21/lehman-paid-bankruptcy-managers-lawyers-27-5-million-in-fees-last-month.html

Lehman and its affiliates reported cash and investments of $24.4 billion on June 30, compared with $23.5 billion on May 31. Of the June total, $2.6 billion was unavailable for use, according to the filing.

The Lehman parent’s bankruptcy in Manhattan became the most expensive in U.S. history in April 2010, when it topped the $757 million cost of energy trader Enron Corp.’s three-year liquidation, according to data compiled by Lynn LoPucki, a bankruptcy-law professor at the University of California, Los Angeles.

Lehman’s creditors range from banks and hedge funds to the New York Giants and Abu Dhabi Investment Authority, as well as individuals who hold Lehman bonds. Once the world’s fourth- biggest investment bank, Lehman filed for bankruptcy on Sept. 15, 2008, with assets of $639 billion.