Replies to post #95613 on Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

Imo expect the next big news around the next distro.


I think now LBHI will finish proceedings, they will be the holder of allowed claims against itself more than the $31 billion it is currently at. LBI will announce its closure next year hopefully. And next year they will probably do another kind of claims consolidation or final distribution. Give it until 2023. To be honest I think this would have been done this year but covid automatically set everything in the world back 2 years, Lehman wasn’t excluded. Just life

[toogoodfella]

IN ADDITION IM REPOSTING THIS EXCERPT:

EXPECT YOUR EQUITY SHARES TO RETURN BACK INTO MARKET TRADING

PLAN TRUST:

. In the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, the Plan Trust may receive Stock Distributions which will then be distributable among the Beneficiaries consistent with each Beneficiary’s rights of payment as holders of LBHI Stock existing immediately prior to the Commencement Date, subject to all of the terms and provisions of this Trust Agreement,