Lehman Brothers Financial SA (LEHNQ)

[Argus63]

" It will ensure that both LBHI and the holders of the ECAPS remain in the economic positions and recover in the priorities to which they contractually agreed prepetition, preventing a windfall to third parties at the expense of creditors of LBHI. "

Would that not read here as - and holders of Capital Trusts?

I don't get it. Are they proposing to STEAL the Ecaps & CTs by replacing them with less valued preferred shares they make out of thin air and stuff into OBS??? If so, how is that legal!?!?

Very confusing! Anyone?

GLTA