Lehman Brothers Financial SA (LEHNQ)

[goldstandard]

It's all interpretation, but words matter imo .

Under the new Lehman plan, holders of unsecured debt from the parent company would receive 21.1 cents on the dollar, down from 21.4 cents under the January plan. Other unsecured creditors would get 19.9 cents on the dollar.

Creditors such as Paulson earlier sought roughly 24 cents on the dollar.

Many unsecured creditors of the Lehman Brothers Special Financing Inc derivatives unit would receive 27.9 cents on the dollar. These creditors include large banks that had been Lehman trading partners, as well as hedge funds.

Holders of commercial paper, a type of short-term debt, could recover 48.4 cents or 55.7 cents on the dollar.

Lehman has said creditors have roughly $322 billion of allowed claims, meaning they would on average recover about 20 cents on the dollar.

Allowed claims 322bil. Pro rata clauses after Allowed claims satisfied in full.