Replies to post #23634 on Lehman Brothers Financial SA (LEHNQ)

[autotel]

The Regular Preferreds and common shares of LBHI were cancelled. They were given One Big Share instead. The OBS is owned by the liquidating trust. Im not sure which part your confused by. Just read the POR.

[jshuey]

From the Epiq FAQ on the BK and POR:

65. As a former stockholder, am I entitled to a distribution?

If you previously held common stock or preferred stock of LBHI and, as a result, now hold a beneficial interest in the LBHI Plan Trust, after all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, and the LBHI Plan Trust receives a distribution in respect of the single share of LBHI common stock it holds, you may receive a distribution in respect of your beneficial interest in the LBHI Plan Trust. At this time, it is not anticipated that any distribution will be made to the LBHI Plan Trust or to any holder of an Equity Interest in LBHI.