Clifford Chance
Lehman Brothers Treasury trustees publish 13th bankruptcy report and announce Manifest Error Bar Date
4 October 2012
On 1 October 2012, the Bankruptcy Trustees of Lehman Brothers Treasury Co. BV published the 13th public report in the bankruptcy of LBT. The key messages are that:
- A Manifest Error Bar Date has been set.
- LBT received a distribution from LBHI of over US$1 billion.
- The Bankruptcy Trustees will use a composition plan.
- The approximate timing of formal claims filing has been disclosed.
Capitalized terms used herein have the same meaning as within the 13th and previously published reports, unless stated otherwise.
This client briefing outlines the significance of these key messages.
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