Lehman Brothers Financial SA (LEHNQ)

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CTs were issued by an Indenture Trustee.Indenture trust issued preferred and commons shares,common shares are owned by LBHI and preferreds were sold to public as CTs like LEHNQ...etc.
These are not supported by any assets, but indenture trust need to get paid by LBHI and indenture trust need to satisfy the CTs.
So CTs are a liability of LBHI, and these claims were allowed by LBHI around 1.2B to 1.5B.