Replies to post #46125 on Lehman Brothers Financial SA (LEHNQ)

[stockbum9]

Cotton - maybe the Indenture Trustee payment option was added back in March (for the first time) in case the Stay ended prior to the Oct distribution, as in May-Sept? By putting it in the March FAQ it would cover any distribution (semi-annual or other) from that point on.

In any case it's interesting that it was added!

[robigus]

Cotton, was the following also already changed in March?

Feb. 26, 2013
99. When will the next payment be made?
Distributions will be made semi-annually on or around March 30th and September 30th in accordance with the terms of the Plan.

100. How can I determine what Plan Class my security is in and what my total recovery will be?
If you have an LBHI Class 3 – Senior Unsecured Claim, then the estimated recovery of your claim will be 21.1%. The actual recovery may vary from this amount.

Aug. 15, 2014
100. When will the next payment be made?
Distributions will be made semi-annually on or around March 30th and September 30th in accordance with the terms of the Plan.

101. How can I determine what Plan Class my security is in and what my total recovery will be?
Descriptions of the Plan Classes can be found in the Disclosure Statement, beginning on page 75.

I used the 2013 answer when I wrote Lehman recently to ask about "Satisfied in Full". I am curious if they changed it after I wrote them.