Replies to post #115600 on Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

"All of those shares of LBHI were sold and distributed"

Here we go Again! "Sold and Distributed'?? When?
That Quote and the "Roster" of "Holders" of AVB Stock is from today!

And I have 'Cut & Paste' the "Foot Note" that's at the bottom of that Listing Page that says LBHI1 'owns' those Shares today!.

One "Wrinkle' here though...It is saying the 'Holder' is "LBHI1", NOT LBHI...So Looks like that is another "SPV' called "LBHI1" that was setup when Avalon Properties was "Spun Off' so that LBHI could 'put its ownership shares' in the 'AVB' "Spin-Off'.

So again, I need to 'remind' you of the "Corporate Veil" and "Safe Harbor" protection of SPV Assets, from LBHI's own "Chapter 11 BK Case"!

[s404n1tn0cc]

I think Stox Side that they are the present value and current securities. And Not 2008. he implies.This
case is DONE. At least collecting what was agreed to. IMO

[indepth05]

Link pls that AVB shares were sold, that would be so helpful since I can't find it.
You know a huge sale deal like that can't be hidden. Thank you

[indepth05]

TGF...4U...:)

After Lehman’s bankruptcy, its assets, including the shares of AVB, were managed by the Lehman Brothers Holdings Inc. Plan Trust or similar estate entities formed for creditor recoveries. As a result, these ownership stakes are technically held by the trust or estate, not directly reflected as assets on LBHI’s active balance sheet.

Investments between 20% and 50% ownership are generally accounted for using the equity method, not consolidated on the balance sheet as owned assets. Lehman’s AVB stake, as a significant but non-controlling interest (around 10-13%), typically appears as an investment, reflected in financial statements in ways that do not fully consolidate the underlying asset value directly on Lehman’s balance sheet. (Accounting for Investments and Variable Interest Entities (VIEs):

Lehman used various off-balance-sheet strategies (including Repo 105 transactions) to manage appearance of leverage and asset positions during its final years before bankruptcy. Post-bankruptcy, the estate’s accounting and reporting follow specific legal and financial frameworks, often resulting in asset holdings like AVB shares appearing under estate or trust financial reports rather than Lehman’s balance sheet.

The AVB shares held as part of the bankruptcy estate are typically managed by trustees who report the holdings separately from LBHI’s consolidated financials. These shares may not be recorded on LBHI’s balance sheet to avoid double counting and due to the legal separation of estate assets from ongoing operating balance sheets.

https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1002&context=journal-of-financial-crises&utm_source=perplexity