Lehman Brothers Financial SA (LEHNQ)

[newflow]

As i see it, the plan is not cramdown.The reason, classes 1-9 are getting paid and classes 10A,B,C, 11 and 12 are not receiving any cash like their seniors.But if the seniors are satisfied in Full as agreed upon in the Plan, 10A,B,C will be satisfied in full before Equity receives any distribution imho.
If it was crammed down, at least on senior class should not be paid , and equity gets paid by by-passing that senior class.That is not the case here.