At the appropriate time, the Administrators anticipate that the Administration will be brought to an end following an application under paragraph 79 of Schedule B1 to the 1986 Act and that the Company will be returned to the full control of its directors. With this in mind, it is anticipated that the directors will assume responsibility for long-tail asset recovery for the benefit of the Shareholder as the Administration draws to a close. Managing the affairs of the Company continues to sit with the Administrators until such time as LBIE exits in Administration; and is returned fully as a solvent entity to the control of directors to be managed as a going concern for the benefit of the Shareholder.Lehman Brothers International (Europe) – In Administration | Joint Administrators’ twenty-eighth progress report, for the period from 15 March 2022 to 14 September 2022
SEC regulation will not allow the disclosure of the future plan to avoid stock market early reactions.
Chapter eleven was approved and will be completed then will be closed. As a going concern, LBHI CAN DO WHATEVER THEY WANTED TO DO. BK court is out of the picture.
Yes, that was my point. The word "reorganization" is just part of the name of the required document.
This was wild - like stepping into a time warp. Especially seeing toogoodfella is still here with a fresh set of hallucinations. I know better than to try reasoning with him from what that was like 4 or 5 years ago.