Replies to post #103872 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE: The guarantee will terminate as to the preferred securities upon full payment of the redemption …

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Obviously does not apply with this scenario of bankruptcy protection.. WHERE IS THE COMMON SENSE? THERE IS POR TO FOLLOW!!!!

[cottonisking]

Which Debtors are LBIE's Administrators referring too in their 28th Progress Report? LBHI, why keep it a secret? CTs

The Administrators have continued to pursue recovery of a claim
into an overseas liquidation, where LBIE is also a member of the
Liquidation Committee. The liquidators of that entity are now in a
position to make a significant interim distr bution which will be
received in the next Reporting period. The Administrators also continue to pursue a potential recovery
relating to a claim in an overseas bankruptcy and have
challenged a recent decision made by the overseas court to only
partially accept the claim. It is expected that a large volume of
creditors are likely to challenge the court's decision and any
potential recoveries will take a significant amount of time to be
realised.
The Internal Re