Replies to post #99895 on Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

I feel the same way Mac & Cheese!
LBHI is of course a "holding company"...kinda like a shell company that holds other operating companies.
And I believe the "liquidation" that is mentioned many times in todays docs is relating to the "Liquidating Trust" that the IRS allowed LBHI to form...that's what is being "liquidated"...that's why they call it a "LIQUIDATING TRUST"...cuz they LIQUIDATE stuff. LOL!
Once everything is all "LIQUIDATED" and Satisfied in Full, then LBHI can move on and restart...which is what corporate chapter 11 bankruptcy does...restarts the company free and clear!

Cheers

[camaro4me]

You think distribution # 25 is the last, or are we done on April 6, 2022

ecaps ruling is still pending

$86 million is the lowest distribution out of all of the 24


Also thanks to chapmans calendar, the fact it reads "08-13555-scc
Lehman Brothers Holdings Inc". Then describes Lehman brothers INC (non-controlled affilate) activities, leads me to believe that that LBHI is simply a shell and all subs/affiliates have to finish distributions for LBHI to conduct It's final distribution.