Replies to post #15403 on Lehman Preferred Series "J" Preferred (f

[toogoodfella]

ON PAGE 35-36 of the transcript..July341 Creditors meeting.

Marsal Speaking:

What you are not going to have a
17 handle on is what is the lawsuit and
18 recoveries going to be, if anything. What
19 you won't have is what the intercompany
20 receivable has. Understand what that means
21 is that LBHI, Holdings, was the bank to all
22 the various subsidiaries and as a banker we
23 lent in excess of $50 billion to those
24 subsidiaries and some of those subsidiaries
25 have given us a good indication of what the
TSG Reporting - Worldwide [phone]
Page 36
1 341 Creditors Meeting
2 recoveries might be and some have not, as
3 we discussed earlier in the presentation,
4 so we don't know to what extent -- how much
5 of that $50 billion is going to be
6 recovered and, like I said, while we
7 have -- we haven't identified any priority
8 claims to date that we haven't paid off,
9 but I'm sure there will be some.