Replies to post #109043 on Lehman Brothers Financial SA (LEHNQ)

[joyceschoice]

Cotton - Pray all you want for cash now but LBHI is still under the POR. One day you will get some satisfaction. The ECAPs ruling is significant and things are moving along.

And I know you know that.

[cottonisking]

Distributions”)
The Parties will agree that the PLC Administrators will distribute
the funds of PLC available for distribution to subordinated
creditors of PLC (“Available Funds”) according to the following
scheme:
i. Tier X: (Subject to the Tier X Distribution Conditions
below) the first £187.4m of Available Funds shall be
distributed to GP1 and LBHI in the order of priority and
the proportions set out below (the “Tier X
Distributions”):
a. First, GP1 to be paid 92% (the “GP1 Tier X
Distribution”); and
b. Second, LBHI to be paid 8% (the “LBHI Tier X
Distribution”).
ii. Tier Y: (Subject to the Tier Y Distribution Conditions
below) the Parties agree that the next £225m of
Available Funds after payment of the Tier X Distributions
in full shall be distributed to GP1 and LBHI as applicable
pro rata between GP1 and LBHI as and when funds
become available for distribution by the PLC
Administrators,