Lear Corp. (LEA)

[RonnieD]

I just reviewed the court document, the reorg plan approved.
common stock gets nothing at all.
the lowest rung of Unsecured Claims is receiving warrants for new stock, and management/employees are being granted 2.7% equity incentive in new stock. The rest is all Preferred for the debtors, or will be issued and sold to the public upon new listing.

goes to show... don't believe anything you read from any of these writers/reporters on the internet, even if it's the Wall Street Journal.
The actual Court documents are the only valid statements to consider.

~fin