Replies to post #99918 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

Re:

…still think ECAPS are playing a major role..
—————//———//———

The expected proceeds from ECAPS is not even included in the estimated 445M Cash Flow.

Excerpt: LBHI treats ECAPS-related litigation and the AGR litigation as Excluded Litigations herein and therefore excludes estimates for ECAPS litigation- related recoveries, including estimated recoveries under agreements with holders of approximately 16.8% of the ECAPS, and AGR-related litigation recoveries from these December 31, 2021 Cash Flow Estimates. See Note 6 – Legal Proceedings for further information on these litigations


Excerpt: (Estimate referring to Cash flow).
These estimates also include the estimated costs of a small subset of the Company’s current staff
committed to stay for many years, if necessary, to oversee the resolution of remaining disputes, other matters and residual wind down activities. These estimates are subject to ongoing review and revision. Actual expenses may differ materially from these estimates.
——//——-//——

“Satisfied in full” once all of the estimated 445M cash flow is distributed. Cash on hand is only 225M and the 220M is still to be received from other affiliates.