Lehman Brothers Financial SA (LEHNQ)

[newflow]

WHY THESE 4 CT CLAIMS HAVE TO BE SATISFIED

My reasoning is to utilize NOLs.

1.Debtors had around $54B in NOLs and other tax credits

2.Any company to utilize NOLs need to have Assets>Liabilities

3.And equity and creditors should get atleast 50% of the reorganized entity

4.POR says, equity might get distributions incase all claims above class 12 are satisfied in full

5.And also these debt claims are senior to equity claims

CONCLUSION: To utilize and benefit from NOLs, class 10B allowed claims also be satisfied in full before any distributions to former equity.

AIMHO