Replies to post #4018 on Lehman Brothers Financial SA (LEHNQ)

[linda1]

$ 5.56 B seems a bit low for $ 53 B in NOLS - I seem to recall that WMI received about $ 5 B for a 5-year carry-back tax refund with using a lot less NOLS.

[linda1]

Does the following excerpt sound to you like the Debtors have already filed for a 5-year carry-back tax refund/credit for the 2008 NOLS?



Under recent legislation, LBHI elected to carry back its 2008 NOL for five tax years. The loss

carried back to 2003, the fifth previous tax year, is limited to 50% of the taxable income reported

for that year. For the tax year that ended December 31, 2010, the Debtors believe the LBHI

Group will also report an additional NOL.