Replies to post #65248 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

Stay tuned to this channel, it's your best bet. Imho, it's still a who knows. Glty

[Joe Stocks]

WG1mil, If you become very familiar with the available information and documents that have been posted for this bankruptcy there is no way that these preferreds will see a distribution. From the Lehman's Epiq webpage;

(1) Are the holders of the following securities (the “Trust Preferred Securities”) likely to receive any recoveries?
Ticker
Cusip Number
Issuer/Trust
LEHKQ
52519Y209
Lehman Brothers Holdings Capital Trust III
LEHLQ
52520B206
Lehman Brothers Holdings Capital Trust IV
LHHMQ
52520E200
Lehman Brothers Holdings Capital Trust V
LEHNQ
52520X208
Lehman Brothers Holdings Capital Trust VI
Response: The Trust Preferred Securities were issued by the non-Debtor entities identified above (the “Trusts”). Based on relevant prospectuses, the sole assets of the Trusts were certain subordinated debt securities (the “Subordinated Securities”) issued by Lehman Brothers Holdings Inc. (“LBHI”). Under the Plan, claims against LBHI on account of the Subordinated Securities have been classified in LBHI Class 10B. Based on the 2013+ Cash Flow Estimates filed on July 23, 2013 [ECF No. 38954], it is unlikely that the Trusts will receive any Distributions from LBHI on account of their class 10B claims. LBHI is not aware of any other assets currently owned or expected to be realized by the Trusts.
http://dm.epiq11.com/LBH/Project#