Replies to post #108459 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

IT WAS AMENDED.

The excerpt below was posted many times in fourteen years while cotton was so busy with his irrelevant cut and paste.

Plan trust will be terminated 30 days after the final distribution

OR

Will be cancelled in December 6, 2025
( my interpretation is in assumption of all distribution is not reached)

And remember on my other post, LBHI is still waiting for the receivable of 227 M from various affiliates in Asia and EU.

EXCERPT:
SECTION 7.1(a) OF THE PLAN TRUST AGREEMENT (THE “PLAN TRUST AMENDMENT”) TO PROVIDE THAT THE PLAN TRUST SHALL TERMINATE ON THE EARLIER OF: (I) THIRTY (30) DAYS AFTER THE FINAL DISTRIBUTION OF ALL OF THE STOCK DISTRIBUTIONS IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT, THE PLAN AND THE CONFIRMATION ORDER AND THE CANCELLATION OF THE PLAN TRUST STOCK AND (II) DECEMBER 6, 2025.