Replies to post #95870 on Lehman Brothers Financial SA (LEHNQ)

[Argus63]

Less than 10 mill Cheezboi...pocket change for LBHI. :)

There is SO much more value on those unaudited balance sheets and they keep growing.

CTs and OBS should not have to worry at all...but they cant tell us that, and they must adhere to the legally binding covenants in their Guarantee. As they have for other classes.

One day soon...overnight, BOOM. We are all happy and they address us.

Just cant happen fast enough for us Lehman Veterans....you know who you are....geez we are almost like family...and tighter than some! ;)

GLTA

[toogoodfella]

READ IT YOURSELF SWISS
It’s an Excerpt from Quarterly Financial Report.



Note 6 – Legal Proceedings
The Company is involved in or will be impacted by a number of judicial, regulatory and mediation proceedings concerning matters arising in connection with the bankruptcy proceedings and various other matters, including the proceedings listed below. The Company has not included in the June 30, 2021 Cash Flow Estimates any estimate of recoveries for the Excluded Litigations in the table shown below, but has included estimates of recoveries for all other affirmative litigation matters it is pursuing. The Company is not aware of any other litigation matters where the amount at issue exceeds $10 million. As more information becomes available, the Company may record revisions, which may be material, in future Quarterly Financial Reports. (See Note 1 - Basis of Presentation - Litigation for further discussion on the impact of these litigations on the cash flow estimates.)

[toogoodfella]

SWISS

Lol! I just noticed on your post. THE TRUSTEES JUST WANTS THEIR CHECKS BEFORE THEY HIT THE ROAD.



Quote:

Adversary proceeding: 08-01420-scc Lehman Brothers Inc.
Doc #15273 Trustees Counsels Application for Allowance of Compensation for Professional Services Rendered and for Reimbursement of Actual and Necessary Expenses