Replies to post #49417 on Lehman Brothers Financial SA (LEHNQ)

[camaro4me]

They will receive more money going forward only if more money is owed them. I'll bet there are people here who have good track of that money.

[cottonisking]

Does this mean that classes other than 3 and 7 may still receive distribution going forward? Yes

Thought? My money is riding on our docket and order submitted/created last week to the Bankruptcy and District (Article III) Courts last week!





****Docket 46343****

On or before five business days after Court approval of the Settlement
Agreement, LBHI will remit to Canary Wharf all catch-up distributions
payable on account of the Allowed Claims pursuant to section 8.4 of the
Plan. Thereafter, LBHI will continue to make distributions in respect of
the Allowed Claims in accordance with the Plan.

The claims of the Management Company and the Landlord will be
allowed as Third-Party Guarantee Claims against LBHI in LBHI Class 9A
of the Plan in the amounts of $5,000,000 and $345,000,000, respectively
(the “Allowed Claims”).

[ana177223]

mmmmm..they were class 3 and they agreed to take 45% recovery. what does that say?

i also have a question: will they still receive distribution as class 9 in addition to the 350M ?