Replies to post #20225 on Lehman Brothers Financial SA (LEHNQ)

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It is a done deal: o The receipt of final IRS rulings validating (i) an extended liquidation,

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re·state
/re'stat/Verb
State (something) again or differently, esp. more clearly or convincingly.

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tr.v. re·stat·ed, re·stat·ing, re·states. To state again or in a new form. See Synonyms at repeat. re·state ment n. restate [ri?'ste?t]. vb. (tr) to state or affirm again or ...

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"Lehman Brothers Holdings Inc., which is selling assets to pay creditors another $32 billion by 2016, asked a judge to sign an order barring governments from taking taxes on any deals it strikes with buyers.

Such an order would “restate” an immunity from taxes that exists under a court-approved liquidation plan, Lehman said. Potential buyers want assurances that Lehman’s property transactions are free from government intervention, according to a filing in U.S. Bankruptcy Court in Manhattan."

http://www.bloomberg.com/news//2013-01-08/lehman-seeks-order-blocking-government-taxes-on-deals.html

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o The receipt of final IRS rulings validating (i) an extended liquidation, (ii) the general timing
of cancellation of debt upon completion of a Debtor’s liquidation, and (iii) the absence of an
ownership change under IRC Sec. 382 protection, pursuant to the Plan;
o The settlement of many open IRS claim matters and continued progress through audit,
mediation and litigation. The Company has also made significant progress in resolving the
New York City tax claim;