The Lehman Bankruptcy At A Glance - NBC New York

The Lehman Bankruptcy At A Glance



    Best observation:

    It might be a good idea to expand the maximum check-box answers on the form for:

    Estimated Number of Creditors (Over 100,000).
    Estimated Assets (More than 1 Billion).
    Estimated Liabilities (More than 1 Billion).

    Potential Inaccuracies:

    "Does the debtor own or have possession of any property that poses or is alleged to pose a threat of imminent and identifiable harm to public health or safety?" Yes [ ] No [X].

    (Though, I suppose it is possible Dick Fuld has been fired, and this is why his ego is not triggering this provision).

    Most Potentially Screwed Creditors:

    CitiBank, Bank of New York (jointly): "Approximately $138 billion" in "Bond Debt."
    Bank of New York (solely): $17 billion.
    Aozora Bank, Ltd., Tokyo: $463 million.

    Country Other Than The United States With Most Potentially Screwed Creditors:

    Japan- about $1.6 billion. (First the real estate in the 80s, now this, HAH!)

    Best "That About Sums It Up" Figures:

    Total Assets: $639 billion. (AHEM!)
    Total Liabilities: $613 billion.

    Most Obvious Equity Pain:

    Name / % of Common Stock Held
    AXA and related parties / 7.25%
    ClearBridge Advisors, LLC and related parties / 6.33%
    FMR LLC and related parties / 5.87%

    Method For The Very Broker-Dealish Lehman To Avoid Chapter 7?

    File at the holding company level?

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