Lehman Brothers Financial SA (LEHNQ)

[StockJoker]

The two sides
The common 3%
The preferred 97%


The preferred securities will always constitute approximately 97% of the liquidation amount of all issued securities and the common securities will constitute the balance. On April 22, 2004, the liquidation amount of preferred and common securities will be $412,371,135 ($400,000,000 of preferred securities and $12,371,135 of common securities). If the over-allotment option is exercised in full by the underwriters, the liquidation amount of preferred and issued securities will be $474,226,850 ($460,000,000 of preferred securities and $14,226,850 of common securities).

Duplicate BNYM/JPM

Amount
I always felt the dispute over the amount filed on the claim.

Example
BNYM is trustee of the 97% and the the claim was filed LHHMQ claim #22123

When the claim for 3% of the common it was filed for the total trust which caused a dispute as to the amount of the claim.