Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

According to balance sheets filed with the bankruptcy court, as of March 31, 2012, LBHI had total assets of $93.6 billion and liabilities, other than its pre-bankruptcy filing liabilities, of $5.2 billion. However, the amount of these assets will decrease over time as distributions are made to creditors.

If we were not able to recover any expenses or losses we incur in connection with any of these lawsuits or arbitrations to which we were made a party from our sponsors or certain of their affiliates, our financial position and results of operations could be adversely affected.

We are also a party to various other claims and routine litigation arising in the ordinary course of business. Some of these claims or others to which we may be subject from time to time may result in defense



http://www.secinfo.com/d14D5a.paWSc.htm#cjsz

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I am still looking over the information for a comparison.

LBHI is no longer looking at the pre-bankruptcy filing liabilities to justify this IPO. LOL What does that mean for a discharge of debt?

$93.6B - $53B - $5.2B = $35.4B plus