Replies to post #108815 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Simpler to say below that we are going to pay LBHI's LBH subdebt claim(s) or "LBHI as the holders of relevant subordinated liabilities."

This statement makes me think about CTs' payments: "LBHI as the holders of relevant subordinated liabilities."

In February 2014 LBHI sent out a CTs' Notice/FAQ and used the language "relevant" to describe the CTs' subordinated liabilities.

A distribution in respect of the Company’s unsecured, non-preferential subordinated
liabilities in accordance with the Framework Agreement recently entered into by, amongst
others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital
Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital
Funding III LP and LBHI as the holders of relevant subordinated liabilities.

[GreatFinancialCosplay08]

The CT's are suspended. I have seen one potentially cancelled by JPMCB. But these are still insolvency proof and once CH11 is lifted after litigation dragging it on whether a case of suing (LBIE rep LBHI vs. AGFP in Appeallate Feb 2024 in 2nd Dist of NY) no matter what the prop trustee has tried to do - the combination of JPMCB and LBHI or LBHI itself owes our statutory interest since cash distributions suspended on 09.17.08 + the liquidation fee of $25 min per share if they want to delist these shares. That is a fact.