Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

What are you missing?

What 15.2 basically says is that if LBHI owns some assets they can be packaged in an entity and have shares issued. Those shares would then have a value placed on them and then distributed to creditors as to the plan.

"Equity Interests against a Debtor that contributed assets to the entity issuing New Securities shall receive the relevant New Securities as Distributions in accordance with the Plan. The New Securities shall be valued as of the date of the issuance and the holders of Allowed Claims or Equity Interests receiving such New Securities shall be deemed satisfied to the extent of the value of the New Securities."