Lehman Brothers Holdings Inc. ("LBHI") filed today in U.S. Bankruptcy Court for the Southern District of New York cash flow estimates for itself and its controlled affiliates for the period beginning October 3, 2014 through their estimated end of activities. Total cash from operations for the period subsequent to the commencement of their bankruptcy cases is now estimated to be $90.6 billion, reflecting a $1.8 billion increase from the cash flow estimates ("CFE") filed with the court in July 2014. The increase is primarily driven by recent settlement agreements with holders of claims against Lehman Brothers Bankhaus A.G. ("Bankhaus") and LBHI relating to LBHI's guarantee of Bankhaus' obligations, as well as positive execution results and increases in the estimated value of certain assets. The Company estimates remaining cash from operations following the sixth distribution to third party creditors (October 2, 2014) of approximately $13.8 billion, excluding potential litigation recoveries.
The cash flow estimates and related filings, including recent balance sheets, the chapter 11 plan and disclosure statement, can be found at www.lehman-docket.com in the "Key Documents" section. The Company's posted responses to questions can also be found at www.lehman-docket.com in the "Key Documents" section, under "Responses to Questions Submitted." For any additional questions regarding financial disclosures, the Company has established an email address, which can be found in the CFE filing referenced above. The Company will continue to review questions and, where appropriate, post responses.
