Lehman Brothers Financial SA (LEHNQ)

[zulual]

“
Item 27 below leads me to think that the Debtors will match LBHI's Equity Plan Trust percentage recovery with LBHI's creditors recovery percentage (currently around 40%) prior to December 6, 2020. By law the Debtors cannot tell us that equity will have a recovery. “

There are two debtors, Lehman and JPM

JPM endorsed certain Lehman’s notes that is reason JPM is responsible for its endorsement papers if Lehman couldn’t pay back.
Fortunately, JPM had contracts with Lehman before Lehman’s BK filing, JPM was holding all Lehman’s cash as collaterals for its endorsement papers. We CTs are sitting here. Our recovery should be 100% principal from JPM, owed interests may come from UK. IMHO.