Replies to post #16698 on Lehman Preferred Series "J" Preferred (f

[DJN]

SWEET.......................................................................................................................................................................................................

[DJN]

Lehman, Hong Kong Liquidators Resolve Claims

Lehman Brothers Holdings Inc. (LEHMQ) and the liquidators for Lehman Hong Kong reached an agreement settling all intercompany claims between the U.S. debtors and Lehman Hong Kong.

The agreement, which is subject to approval in the U.S. Chapter 11 and Hong Kong proceedings later this year, settles more than $20 billion of complex intercompany relationships between Lehman’s U.S. debtors and nine Hong Kong entities in liquidation.

http://www.bloomberg.com/news/2011-08-03/lehman-hong-kong-liquidators-resolve-claims.html

[DJN]

This agreement is another milestone in the case --it resolves more than $20 billion of intercompany claims and contributes significantly to LBHI's recoveries.

[toogoodfella]

Dnoto, Very nice indeed!...I'm wondering what was the term of settlement for this 20B?

I did not expected this one...But we know that the claim versus Asset have only 20B deficit. And we also know that SIPA is still holding about 11B of Lehman's money. Plus a possibility of 40B recovery from 46.7 Investment in Affiliates.

The Book is Balanced!!!!!!!