Replies to post #99483 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE:
From 1.1B to 430B

The assumption is correct Swiss.
Here is a footnote from Cash flow estimate of 430M:

(a) Estimate change for Recoveries from European Non-Controlled Affiliates primarily reflects a change in the reporting basis following an adverse decision by the UK Court of Appeal in the ECAPS litigation.

[camaro4me]

Amen to that

The total case number is the amount LBHI will have distributed to end the case. At the time of that being written Lehman had $1.1 bil. We believe the $1.1bil included the ECAPS money. Once the ECAPS litigations started, the amount reduced to $430m, which leads us to believe it was reduced to $430m because of ECAPS ruling. Estimated Total case amount is $96.9 to third party unsecured creditors. They only have $430m to distribute according to the balance sheet when they were supposed to have $1.1 bil to distribute. Which is why we believe this coming distribution will be the last.

Unless they just want to be annoying and stretch this whole thing out even more