Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

Cotton,

Given that it is clearly mentioned in the prospectuses for LB UK IV TRuPS and LB UK V TRuPS that they are JUNIOR in priority to (ie., rank lower in priority to) LBHI's TRuPS (ie., the LBHI US TruPS which are the CTs issued in the US - LEHKQ, LEHLQ, LHHMQ & LEHNQ), how can LBHI legally justify not paying the CTs IF the UK Courts 'enforce' the UK TruPS to be paid thru the "Trust Partnership Liquidation' process that the Trustee/'Liquidation Trustee' appointed by the UK courts for this matter?

Would a 'Full redemption' payment for the UK TruPS by the UK Court appointed "Liquidation Advisor/Trustee) make our case stronger to demand a similar action by JPMC (US Guarantee Trustee for CTs)?

I appreciate very much your expert opinion...