Replies to post #101437 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

Sometimes gold

Is a painted brick. Lol

[DJN]

4.30 It was LBHI and not LBH that issued subordinated notes to LP IV and LP V in return for the payment of the regulatory capital that was raised by the issuance of the Securities by LP IV and LP V. The LP IV and LP V Partnerships may have a claim for payment of a dividend by LBHI in relation to the subordinated notes that were issued.

This is a matter that the Joint Liquidators are continuing to keep under review. However, it is the Joint Liquidators’ understanding that LBHI’s subordinated debt holders are currently not expected to receive any distribution. The Joint Liquidators therefore understand that the prospects of any recovery from LBHI in relation to these claims are very low.